Stimulus checks and tax refunds have been a lifeline for many Americans grappling with the economic fallout from the pandemic. Although inflation has decreased in recent months, several states are continuing to send out support for those in need. Here is a breakdown of which states are sending out checks in April and what the amounts are.
For over four decades, the state of Alaska has shared its oil investment income with its residents through the Permanent Fund Dividend program. This year, approved applicants will receive $3,284. To be eligible, applicants must be residents of the state and avoid incarceration for the entire year. The deadline to apply is March 31, and payments will be made on April 20 and May 18.
Governor Brad Little has authorized the submission of tax refunds of up to $600 for joint filers or 10% of a taxpayer’s 2020 income taxes, whichever is greater. Over 800,000 refunds totaling up to $500 million are expected to be sent out by the end of March, and some refunds may be mailed, meaning they could be received in April.
Maine is sending $450 payments to residents to help cover heating costs. The checks have already begun mailing out to roughly 880,000 people since the end of January and are expected to be received by March 31. If you qualify and do not receive a payment by June 30, contact your state tax assessor.
Taxpayers in Massachusetts are eligible to receive a refund of roughly 14% of their state tax liability. Those who filed their 2021 return before October 17, 2022, received their refund in December of that year. However, taxpayers who filed after and until September 15, 2023, will receive their payment one month after filing. If you file your return in March, you will receive your payment in April.
Residents of New Mexico can still receive a refund of up to $1,000 for joint filers or $500 for single filers. These refunds are available for those who file their 2021 income tax return by May 2023.
In conclusion, stimulus checks and tax refunds are vital in times of economic uncertainty. Be sure to check your state’s website for more details on eligibility and distribution dates.