September brings direct one-time payments to four states in the latest stimulus update.
Millions of People Set to Receive State-Funded Payments in Four States
Residents in Alaska, Minnesota, Montana, and Washington are in for a financial boost as their respective state governments have announced one-time direct payments. With over 2.1 million people eligible for these payments, the impact will be significant.
Alaska
The Last Frontier State is gearing up to distribute the highly anticipated Permanent Fund Dividend on September 14. This program pays residents a portion of the state’s minerals revenue. To qualify, residents must have lived in Alaska for a full calendar year and intend to continue residing there. This year’s payout is the largest in history, with each resident set to receive an impressive $3,284. Those who have applied for 2023 dividends can expect payments to begin in October.
Minnesota
Over 2 million people in Minnesota will receive a rebate from the state government due to recent updates in the tax law. Married couples filing jointly with an adjusted gross income of $150,000 or less can expect a payment of $520. Individual residents with an adjusted gross income of $75,000 or less will receive $260, with an additional $260 for each dependent claimed (up to three dependents). Payments will be made through direct deposits or checks, with the Minnesota Department of Revenue aiming to initiate nearly 2.1 million rebate payments by the end of September.
Montana
Montana property owners are eligible for a rebate of $675 or an amount not exceeding the property taxes paid. The rebate is determined based on the property taxes owed, with a maximum rebate of $675. To qualify, recipients must have owned and lived in a residence in Montana for at least seven months and have received and paid for the property tax bill. The estimated wait time for a rebate is between 30 and 90 days. Additionally, Montana residents are also receiving individual income tax rebates, with single filers receiving up to $1,250 and married couples receiving up to $2,500.
Washington State
Residents of Washington can apply for the state’s Working Families Tax Credit, which offers payments ranging from $50 to $1,200. To be eligible, individuals must have lived in the state for at least half of the 2022 calendar year, be between 25 and 65 years old or have a qualifying child, filed a 2022 tax return, and have a valid taxpayer ID or Social Security number. The credit is a relief on retail sales or use tax for low-to-moderate income residents, with the amount varying based on income level and number of children claimed. Applications for the credit opened in February, and residents have three years to claim it.
These state-funded payments are a welcome boost for millions of individuals, providing much-needed financial support and stimulating local economies.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
*As an Amazon Associate I earn from qualifying purchases
Now loading...