While the majority of the economic impact payments and stimulus checks have already been issued, the IRS has started mailing them out to people who have trouble with electronic payments or don’t have banking information. The dates for mailing these checks are determined based on your annual adjusted gross income and could change at any time. Therefore, it is best to check with the IRS for current information. In the meantime, keep in mind that you can always check the IRS website for updates.
New York City will get up to $1,050 in stimulus checks.
While the average homeowner will receive only $425 in stimulus checks in New York City, some homeowners may qualify for up to $1,050 in rebates. The average rebate payment is $970 outside of the city. Of the three million households eligible for these checks, two million are outside of NYC. The amount of stimulus checks that New Yorkers will receive varies depending on a number of factors, including income and the school tax relief program.
While many states have already started issuing payments, a few have gone even further and are speeding up payments to help their residents. In Illinois, for example, residents will receive $400 refund checks by the end of September. Meanwhile, California is expected to issue a “middle-class tax refund” of up to $1,050 beginning in October. And Colorado Gov. Jared Polis recently signed legislation to speed up rebates that had originally been scheduled for 2024.
Florida will get up to $500 in checks.
In an attempt to reduce high inflation, Gov. Ron DeSantis announced in July that residents of Florida would receive up to $500 in stimulus checks in 2024. While the federal government is unlikely to issue the checks again, many states have started issuing them.
For instance, Californians will receive up to $1,050 in stimulus checks in 2024. These checks will come from the state’s $308 billion budget and send $9.5 billion back to the state’s residents. Those filing jointly can receive up to $1,500, while single filers and head of household filers can expect a smaller rebate.
Delaware is issuing $300 relief checks to adults who filed state tax returns in 2024.
Delaware is issuing 300 rebate checks to residents who filed their state tax returns in 2020. The new law, passed by the state’s General Assembly on Thursday, will give these checks to 620,000 Delaware taxpayers who filed their state tax returns in 2023 or earlier. Approximately 90 percent of these rebate checks will go to seniors and people who are under the poverty line, and each one will cost the state about $186 million.
The new legislation will be a relief for low-income residents. Delaware has a budget surplus and will begin issuing $300 relief checks to adults who filed their state tax returns in 2023. The money will help residents offset the cost of rising inflation. For those who owe taxes, a smaller rebate may be available for partial-year residents and individuals who owe more than $10,000.