In 2020, stimulus checks gained widespread attention as the pandemic created an economic crisis, resulting in millions of job losses and financial struggles for American households. While most pandemic-era aid has ceased, some states are still providing stimulus-style payments. These payments typically come in the form of property or income tax rebates. States like New Mexico and Montana are able to issue these rebates due to their surplus state budgets, which were boosted by billions of dollars in pandemic relief from the federal government. Montana saw a surplus of $1.9 billion in fiscal year 2022, while New Mexico’s surplus has reached $3.6 billion, according to the Associated Press.
Here are five states where residents may still receive a stimulus check.
Idaho: Idaho plans to distribute around 800,000 rebates totaling up to $500 million by the end of this year. The Special Session Rebate checks range from $300 for individuals filing state taxes to $600 for families filing jointly. All residents who lived in Idaho throughout 2020 and 2021 are eligible for the rebate. Individuals who have not yet received their check can track the payment at tax.idaho.gov/rebate.
Illinois: Approximately six million residents in Illinois were scheduled to receive income and property tax rebates. These payments began in September last year, but it may take several months for everyone to receive their checks, according to state tax officials. The property tax rebate is capped at $300, while the income tax rebate is $50 for individuals and up to $100 for couples filing jointly. Families with dependents can receive up to $300.
Massachusetts: Lawmakers in Massachusetts announced that approximately three million taxpayers would receive roughly $2.9 billion in tax rebate dollars. This amount accounted for about 13% of a resident’s 2021 state income. Residents started receiving their “Chapter 62F” payments in October, and most taxpayers should have received the funds by now. However, individuals who have not yet received their payment have until September 15 to file their 2021 state taxes and qualify for the rebate.
Montana: Montana homeowners can expect to receive property tax rebate checks totaling up to $1,350 over the next two years, as announced by Governor Greg Gianforte last month. To qualify, individuals must have lived in or owned a Montana residence for at least seven months in 2021 and paid property taxes on that residence. Homeowners can begin applying for the rebates on August 15 by visiting getmyrebate.mt.gov, and all claims must be filed by October 1.
New Mexico: Around 26,000 low-income New Mexicans have already received $500 or $1,000 “economic relief” payments, which were part of a $15 million effort to distribute state surplus funds. In addition, New Mexico sent separate income tax rebates of $500 or $1,000 to nearly one million residents who filed a tax return in 2021. Residents who have not yet filed their 2021 tax return have until May 31, 2024, to do so in order to receive the rebate check.
In conclusion, these states continue to provide stimulus-style payments to provide financial assistance to their residents.
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