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With federal efforts for another round of stimulus payments all but dead, some states are moving forward to provide direct relief to their citizens.
A host of states – including Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Maine, New Jersey, New York and Pennsylvania – have sent inflation relief or stimulus rebates, according to GoBankingRates.com. Three other states, California, Hawaii and Virginia, are in the process of sending payments to residents.
READ MORE: IRS releases higher 2023 tax brackets, standard deductions, inflation adjustments
Here’s what we know about those state efforts:
California
Dubbed the Middle Class Tax Refund, California’s one-time payment will be automatically sent to eligible residents. Payments are expected to be issued between October and January 2023.
Couples with adjusted gross income of $150,000 or less are eligible to receive up to $1,050, dropping to $750 for those earning $150,001 to $250,000 and $600 for couples earning $250,001 to $500,000 before phasing out for those earning $500,001 or more. Single filers can receive up to $700, based on income levels.
Hawaii
Hawaii’s Act 115 refund provides a one-time payment to qualifying taxpayers. Single filers with income under $100,000 are eligible for $300, dropping to $100 for single filers earning $100,000 and more. Married couples filing jointly with income under $200,000 are eligible for $300.
Refunds will be issued based on the order in which 2021 individual income tax returns are filed. The Department of Revenue began issuing refunds in September, a process that will continue through November.
Virginia
Virginia is in the process of issuing a one-time tax rebate of $250 for single filers and $500 for joint filers. The payments are being made to Virginia residents who had a tax liability for 2021.
Eligible residents who filed taxes by Sept. 5 will receive their rebate by Oct. 31. To qualify you must file your taxes by Nov. 1. Some payments will be issued by direct deposit, others by paper check.
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