More than $1 trillion in federal stimulus funds were distributed to low- and middle-income Americans through three separate stimulus checks. While the federal government may make another stimulus payment, the chances of this happening are slim to none. Direct stimulus payments, small business assistance, and expanded unemployment insurance benefits, several states have begun implementing their COVID-19 relief programs.
It is reported that financial assistance and stimulus checks are available in several states across the United States to assist their citizens, according to MARCA. Because, in contrast to the previous stimulus, the money for this stimulus will not come from the federal government this time around. Nowadays, the location of one’s home is very important to one’s well-being. In some cases, it has been reported that the state’s fourth stimulus check has already arrived, which is a significant development.
According to The Sun, it is necessary to meet certain income requirements and to file a US tax return in order to be eligible for stimulus payments. Individual taxpayers with incomes up to $75,000 and married couples with incomes up to $150,000 are eligible for the stimulus check. The tax return of a family may have an impact on the amount of stimulus money that they are eligible to receive.
8 States Providing Financial Assistance
Here are some states that are handing out money, which many people may require to cover rising household expenses or to pay down debt as the pandemic’s financial fallout continues:
California Stimulus. A total of between $600 and $1,100, was expected to be paid out to Golden State Stimulus II recipients by the end of the month.
Colorado Stimulus. $375 will be paid to anyone who received unemployment benefits between March 15 and October 24 of 2020.
Alaska Stimulus. The Federal-State Extended Benefits program, may provide Alaska residents with an additional 13 to 20 weeks of benefits.
New Mexico Stimulus. Only a few applicants will receive funding, with low-income families given priority. Financial aid is available in the amount of up to $750.
Florida Stimulus. The state of Florida’s fourth stimulus payment, was $1,000. In this case, it was only teachers and first responders who received the benefits.
Maryland Stimulus. A state-wide stimulus check was only issued to Maryland residents who filed their earned income tax credit. Individuals were given $300, while those who had children received $500.
Michigan Stimulus. Hazard pay bonuses of $500 are available to Michigan teachers.
Tennessee Stimulus. A $1,000 bonus for full-time public school employees and a $500 bonus for part-time public school employees were enacted earlier this year in Tennessee by the state legislature.