States Offering Financial Relief in 2024: Stimulus Checks, Tax Rebates, and More

Several states are stepping up to support their residents in 2024 with various financial assistance programs. From direct stimulus checks to child tax credits and property tax rebates, here’s a snapshot of what’s on offer:

Direct Stimulus Checks:

  • Arizona: Up to $750 per household through the Arizona Families Tax Rebate program, with additional amounts for dependents.
  • New Mexico: Up to $1,000 for married couples filing jointly, heads of households, and surviving spouses; up to $500 for single filers and married couples filing separately. Rebates available until May 2024 tax return filing.

Tax Rebates:

  • Colorado: TABOR refunds of $847 for single filers and $1,694 for joint filers, totaling $3.28 billion to be returned to taxpayers.
  • California: One-time child tax credit for qualifying children, up to $3,600 per child. Additional young child tax credit (up to $1,083) available for families with children under 6 eligible for the California earned income tax credit.

Ongoing Child Tax Credits:

  • Maryland: Up to $500 per child under 6 or with a disability, benefiting an estimated 40,000 taxpayers.

Additional Points:

  • States are using leftover COVID-19 recovery funds and budget surpluses to fund these programs.
  • Eligibility varies depending on income, filing status, and dependents.
  • Some programs have deadlines for claiming benefits, so be sure to check your state’s specific details.

This is just a sampling of the financial assistance programs available across different states. Remember to research your state’s specific offerings and ensure you meet any eligibility requirements to claim your benefits.

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