Stimulus update 2022: These states are sending stimulus payments in October

Stimulus update 2022: These states are sending stimulus payments in October

With federal efforts for another round of stimulus payments all but dead, some states are moving forward to provide direct relief to their citizens.

A host of states – including Colorado, Delaware, Florida, Georgia, Idaho, Indiana, Maine, New Jersey, New York and Pennsylvania – have sent inflation relief or stimulus rebates, according to GoBankingRates.com. Three other states, California, Hawaii and Virginia, are in the process of sending payments to residents.

READ MORE: IRS releases higher 2023 tax brackets, standard deductions, inflation adjustments

Here’s what we know about those state efforts:

California

Dubbed the Middle Class Tax Refund, California’s one-time payment will be automatically sent to eligible residents. Payments are expected to be issued between October and January 2023.

Couples with adjusted gross income of $150,000 or less are eligible to receive up to $1,050, dropping to $750 for those earning $150,001 to $250,000 and $600 for couples earning $250,001 to $500,000 before phasing out for those earning $500,001 or more. Single filers can receive up to $700, based on income levels.

Hawaii

Hawaii’s Act 115 refund provides a one-time payment to qualifying taxpayers. Single filers with income under $100,000 are eligible for $300, dropping to $100 for single filers earning $100,000 and more. Married couples filing jointly with income under $200,000 are eligible for $300.

Refunds will be issued based on the order in which 2021 individual income tax returns are filed. The Department of Revenue began issuing refunds in September, a process that will continue through November.

Virginia

Virginia is in the process of issuing a one-time tax rebate of $250 for single filers and $500 for joint filers. The payments are being made to Virginia residents who had a tax liability for 2021.

Eligible residents who filed taxes by Sept. 5 will receive their rebate by Oct. 31. To qualify you must file your taxes by Nov. 1. Some payments will be issued by direct deposit, others by paper check.