In 2024, eligible residents of several states will receive direct payments, vital economic help in times of high inflation rates.
To obtain a stimulus check, it is only essential to meet the requirements established according to the program to which it applies. Here we tell you.
Most of the time, financial relief focuses on refunding taxes to eligible taxpayers in each state in the country.
Meanwhile, you should know that direct payment provides a financial boost to entities that actively help the clean energy economy.
The payments are applied to 12 tax credits. Included are solar, wind, battery storage projects, community solar initiatives, electric vehicle charging infrastructure and clean vehicles for state fleets.
States that pay stimulus checks in 2024
This is the list of states that are sending a direct payment or stimulus check to their eligible residents this year.
1- Arizona
-A new refund was approved that grants eligible taxpayers $250.00 USD per dependent over 17 years of age. The maximum refund allowed is $750.00 USD.
2- California
-Offers a one-time tax credit of up to $3,600 USD.
-Introduces a “young child tax credit” worth up to $1,083 USD, applicable if approved for the California Earned Income Tax Credit and with a child under 6 years old.
-Automatic tax credit increase if you file the 2021 tax credit before April 18, 2025.
3- Colorado
-TABOR rebate payments, where eligible single taxpayers receive $847.00 USD and couples filing jointly receive $1,694 USD.
-All taxpayers receive the same amount for the first time.
-Colorado collected $3.6 billion more than TABOR rules allow in 2023. The excess was returned to taxpayers.
4-Maryland
-Annual child tax credit worth up to $500.00 USD per child.
-It is aimed at families with a child under 6 years old or with a disability.
-Approximately 40 thousand eligible taxpayers, with a federally adjusted gross income of $15,000 USD or less required to qualify.
5- New Mexico
-Offers a refund check of up to $1,000 USD.
-Payment for all people who file their 2021 tax return by May 31, 2024 and do not claim as dependents on another tax return.
-Singles eligible to receive $500.00 USD, and couples filing jointly will receive up to $1,000 USD.
