Stimulus checks have been approved. I have all the details, what you need to know, and who will be getting the checks. Alright, So as of right now, I do completely understand there is a lot going on. It seems like there are multiple reports hitting the wire every single day. And of course, there are all these different updates on stimulus checks. So in this topic, I want to walk through a comprehensive list of all of the latest checks that have been approved. As of recently, I can tell you this much checks are being approved left and right right now, even though it seems like a time when there are a lot of people out there that are struggling and it doesn’t really seem like all that many things are being done, there actually are a lot of different payments right now being approved. And I want to give you all the details right here on this topic. As I am your one and only daily advocate and I’m literally doing research all day, every single day to find the best information and to boil it all down into these short contents so that you can stay updated every single day with all this information as it is hitting the wire.
All right, So like I said, I do want to walk you through a comprehensive list of what is actually going on. Now, here’s the thing. Of course, we all recognize this. We are still waiting for Congress to approve any type of $2,000 check, a $1,400 check, a $1,000 check, or whatever they decide to actually do. That would be highly focused for the low-income and fixed-income beneficiaries. However, at the same time, right now, States are sitting on billions and billions and billions of dollars of surplus and in many instances, they are taking a small fraction of what they have sitting on their books and they’re sending it out back into the communities, as into the people, the residents of the States in the form of state stimulus checks.
So here’s the thing. Even though other big stimulus checks have been approved by Congress, those are federal stimulus checks. So yes, you could get a stimulus check from the federal government, as in the IRS, the treasury, things like this. And yes, of course, you can also get a check from your state. One quick example would have been California. Over the last couple of years here, California has sent out a couple of Golden State stimulus checks. Well, you were getting those alongside the other checks from the federal government. So, yes, it is a real thing. You can get all these checks side by side. So I do want to give you a list of all the States that have recently approved stimulus checks. And then I also want to throw some bonuses in there that recently approved stimulus checks or are on the very close cusp of approving stimulus checks. So there are multiple States out there. In fact, right now there are honestly, I’m not even sure the real number probably 20 different States out there off the top of my head that have either approved stimulus checks or are very close to approving them.
Actually, just in the last couple of days here, another handful of States have actually approved them. So there’s a lot of good stuff out there. And the deal is these checks are always focused on the low income. It’s not like they’re sending out a check to every single resident. No, that’s not how it works. They send them out to the lowest-income residents. So it’s a good thing. That’s the new way of calling stimulus checks. It’s calling them a tax credit or tax rebate. It’s literally the exact same thing. That’s what the last three stimulus checks were that we received from the federal government in advance on a refundable tax credit.
That’s exactly what it was. So anyway, even though they are referred to as tax credits, don’t worry about it. It’s still a stimulus check. They’re just using a different name to basically describe the exact same thing. However, I want to throw a bonus out there really quickly here. Just announced a couple of days ago, the state of Colorado, your governor is going to be issuing $400 checks for single people and $800 checks for married couples within the next couple of months here. Looks like these are going to be going out probably in the summer. That is in the state of Colorado, as I do get more information. Of course, I’ll keep you posted on that. But again, just within the last few days as well, the governor of Maine, the state of Maine has approved $850 checks for individuals, $1,700 for married couples, Delaware as well, $300 individuals, $600 for a married couple. And again, a few States on the cusp right now. And again, this is just a small list of getting ready to approve checks is the state of Pennsylvania, $2,000 checks, Minnesota, $1,000 checks, $500 as an individual. And there’s a whole variety of other States out there, but many of which I think will be encompassed here in this list as well.
So there’s a lot going on out there. Seriously, you’ve got to pay attention to all this stuff because any time that these programs arise, a lot of times they give you a very small window to jump in and take advantage of these checks. And once that window closes, it’s basically sorry, you don’t get it anymore. So that’s why I want to keep you updated with all this stuff going on right now, because if you’re located in any of these States that are out there, which I do know that a lot of you here in the community are located within the States, simply because probably about half the States right now, without even counting, are probably in the process of approving checks or have already approved checks. Anyway, like I always say in my topics, I want to help out as many of you as I possibly can in any way, shape or form. And this is just another way that the money is on the table. So why not grab what we have coming to us, right? If you’re eligible, you might as well grab it, right? If you don’t grab it, they’re just going to grab it and do whatever they do with it.
Stimulus your complete guide to which States are sending more stimulus by Dana George key Points States received billions of dollars from the federal government early on to help with the pandemic. Now many of those States are starting down leftover funds and making decisions on how to allocate them. Any leftover funds not used by December 31, 2024 must be returned to the federal government. During the height of the pandemic, the federal government sent billions of dollars to each state. In theory, it was better to let state legislators identify and address pandemic-related issues rather than throw more money at problems from the nation’s capital. Each state has its own specific issues and the influx of money from the federal government to go a long way towards tackling those issues. But funds remain all of these. Many months later, most, if not all, States have still sitting on federal funds. Some, like Pennsylvania, can’t decide whether they want to spread the wealth to their constituents or hold on to the money for a rainy day. Here’s the problem with holding on to funds. Anything not spent by December 31, 2024 must be returned to the federal government’s coffers.
Now, States are in a tricky position. Many want to share with state residents. But if they deposit a check into the bank account of every person living in the state, there’s a good chance it will feed inflation, making prices rise more so. These States have tightened the criteria of who will receive a check, Attempting to limit it to those with the greatest need. As of today, these are the States that have either approved legislation or appear to be on the cusp of approving legislation to share the wealth with those in need. Some States are sending cash, While others have come up with other different ways to put money in residents pockets. California the plan is a gas rebate. Georgia the plan is a stimulus in the form of a tax rebate. Hawaii the plan is a stimulus in the form of a tax rebate. Idaho the plan is a stimulus in the form of a tax rebate paid via direct deposit or paper check. Indiana A one-time tax refund paid via direct deposit or paper check. Kansas a reduction or elimination of state grocery tax. Kentucky stimulus in the form of one-time rebate main direct relief payments.
