That's not a situation the public should hope for. Several other states are considering tax breaks and have legislation pending, including: Legislators in New Hampshire have proposed a one-time rebate of $25 to vehicle owners registered in the state between July 2021 and June 2022 to help with fuel costs. However, if the economic situation continues to decline, then a fourth stimulus check could end up being back on the table. In fact, this card is so good that our expert even uses it personally. The Senate has proposed a one-time tax rebate, while the House wants to reduce the income tax rate from 5% to 4%. But what does all of this mean as far as a fourth stimulus check is concerned? Copyright 2022 WKYT. Gov. Kentucky is the latest state to join this growing list, and a stimulus check from Kentucky could give residents a one-time tax rebate worth $500. However, the elderly, widows and widowers and the disabled could see up to $975 in stimulus payments. In Illinois direct rebate checks will be given to working families. The plan has already passed a Senate committee. Research shows Americans are spending more on gambling and gaming despite inflation concerns. The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. All Colorado residents who filed a 2021 tax return are eligible for the payment.4. The Department of Revenue says money would start arriving in bank accounts in May and continue until mid-summer. FRANKFORT, Ky. (AP) The Kentucky Senate passed a bill Monday that would tap into the state's massive revenue surpluses to deliver more than $1 billion in income tax rebates to taxpayers. Todays deals: $195 AirPods Pro, $799 MacBook Air, $4 smart plugs, $79 smart TV, more, BTS fans are seething at Ticketmaster over 'platinum' pricing for Suga's solo tour, The best Netflix hidden gems and underrated series to watch right now, The Roald Dahl censorship news is a reminder your eBooks aren't safe from the sensitivity police, Chinese spy balloon spotted floating over Montana, but were going to leave it alone for now, Hunter Biden laptop story should not have been censored, former Twitter exec now admits, This might bring Donald Trump back to Twitter and Facebook sooner rather than later, Stimulus check update: Millions of people still eligible for a federal payment. Half of the credit will be paid monthly, with the balance paid when recipients file their annual tax return. In May, Delaware started giving out $300 inflation relief checks to taxpayers in the First State.5 The payments were part of the 2022 Delaware Relief Rebate Program. Inflation relief payments from $200 up to $1,050 started going out to 23 million Californians in October either by direct deposit or debit card.2 The state has already started sending out these one-time payments, and it should finish by January 2023.3, Colorado follows something called the Taxpayers Bill of Rights (TABOR), which requires the state to refund extra tax revenue thats above its spending limit. For a single person who makes more than $100,000, or $200,000 in the case of a couple, the checks will be for $100. Taxpayers got up to $325 per person through either direct deposit or a check.11, Earlier this year, Governor Laura Kelly of Kansas proposed a one-time tax rebate of $250 ($500 for married couples filing jointly). And lets be realthatsa lotmore than the government can say. Janet Mills signed the supplemental budget into law in April. Maryland is offering up to $2,000 to help low-income households with water bills, with applications accepted on a first-come, first-served basis. Another issue driving some of this activity is the fact that states got billions of dollars in aid from the federal government during the Covid pandemic. There were no federal stimulus checks in 2022, but at least 22 states gave money back to residents -- primarily in the form of income and property tax rebates, child State revenue officials say the checks will start mailing in September. Sen. Chris McDaniel, R-Taylor Mill, the chairman of the committee and chief sponsor of SB 194, said the intent of the legislation was to address the recent spike in "crushing" inflation. An estimated 300,000 to 350,000 low and middle-income families are eligible for one-time $250 per child tax rebates in Connecticut, with checks expected to be sent in late August. Single filers in Maine are entitled to $850 and couples $1,700 provided they make under $100,000 or $150,000, respectively, accordingto the state's revenue services agency. The first tax rebate ($250 for single filers and $500 for joint filers) went out in July. [CDATA[>]]> ]]> Sign up for ValueWalks free newsletter here. It's been months since lawmakers approved a round of stimulus checks, and while monthly Child Tax Credit payments have been hitting Americans' bank accounts since July, not everyone is entitled to those payments. . Apple AirPods Pro are on sale at the lowest price of 2022! That extra money is how these states are paying for those inflation relief checks. One proposal suggests $1,000 for homeowners who paid property tax and $1,250 for residents who paid state income taxes. Another issue driving some of this activity is the fact that states got billions of dollars in aid from the federal government during the Covid pandemic. BGR is a part of Penske Media Corporation. Montana has also a $1 billion budget surplus for the year. Single taxpayers received $250 in May 2022, with heads of households getting $375 and married couples filing jointly netting $500. Not only did the number of new jobless claims increase, but the number of continuing unemployment claims rose by 181,000. The state of New Mexico is bringing out financial relief in the form of $750 stimulus. Ky. taxpayers would receive $500 under proposed tax rebate plan. Neither PSW nor its affiliates are responsible for any errors or omissions or for results obtained from the use of this information. However, neither PSW Investments, LLC d/b/a PhilStockWorld (PSW) nor its affiliates warrant its completeness, accuracy or adequacy and it should not be relied upon as such. 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