As the coronavirus pandemic enters its third year but has subsided, the U.S. has conducted many stimulus checks that have helped many people through many of the hardships brought on by the crisis. As spring began, many states also got new stimulus checks as the U.S. government continued to print money to bail out the economy.
This has undoubtedly contributed to inflation not seen in decades. Will this affect what payments can be made in the spring? We’re doing an analysis of what’s likely to happen during this time to see if there’s any new benefit to the American people.
Will there be new stimulus checks in NSW?
States eligible for the new controls are California, Delaware, Georgia, Hawaii, Illinois, Maine, New Mexico and New York. However, each of these states is experiencing a specific situation that we will discuss here. In California, many stimulus packages are running at the same time.
They offer Golden State Stimulus I to individuals residing in California who typically receive the California Income Tax Credit or file taxes under an Individual Tax Identification Number. Golden Stimulus II is available for those with salaries ranging from $0 to $75,000 for the 2020 tax year.
Delaware offers a $300 rebate to single taxpayers. Couples applying together will receive $600. Georgia single taxpayers can get $250, heads of household with dependents can get up to $375, and married couples filing jointly can get $500. Hawaii residents earning less than $100,000 will receive $300, with a maximum of $1,200 for a family of four. Illinois will offer homeowners a six-month inflation-based gas tax hike and a $300 rebate check.
Maine will provide $850 to single taxpayers earning less than $100,000 a year. They will provide the same services to heads of households earning less than $150,000 a year and married couples applying together and earning less than $200,000 a year. New Mexico offers $500 to single taxpayers and $1,000 to married couples filing together. In New York, the average benefit is closer to $425.