$400 and $500 Stimulus Checks Confirmed: Who Will Get Them and When?

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$400 and $500 Stimulus Checks Confirmed: Who Will Get Them and When?

In a big relief for many families, two US states – New York and Georgia – have confirmed one-time stimulus payments for their residents. These payments are part of efforts to ease the pressure of rising costs. If you live in either of these states and meet the income rules, you could get up to $400 or $500 soon.

Let’s break down who will receive these payments and what you need to know.

Stimulus Payments in New York: Up to $400 for Eligible Residents

The government of New York State has approved a new plan where more than 8 million people will get a one-time stimulus check of up to $400. This is part of the state budget which is valid till 2026. Governor Kathy Hochul announced this move to help people facing the rising cost of living.

She said, “The cost of living is still too high, so I promised to put more money in their pockets, and we did it.”

These stimulus payments are part of a $2 billion tax relief package. Along with these payments, the government also plans to increase the child tax credit and offer free school meals.

Who Will Get the New York Stimulus?

The amount you get will depend on your income and your tax filing status:

  • Individuals earning under $75,000 a year will get $200
  • Those earning between $75,000 and $150,000 will get $150
  • Married couples with joint income below $150,000 will receive $400
  • Households earning between $150,000 and $300,000 can get $300

The main goal is to support low- and middle-income families who are finding it hard to manage expenses.

When Will the New York Stimulus Arrive?

While the program is confirmed, there is no exact date yet for when the payments will be made. The Budget Division has shared eligibility details, but residents will need to wait for further updates. These payments are being sent along with tax cuts that will help around 75% of taxpayers in the state.

Source (Google.com)

Georgia Stimulus: Up to $500 Refunds Under HB 112

Moving to Georgia, the state has approved a bill called HB 112, which gives one-time refunds to people using extra funds available in the budget. Georgia’s Governor Brian Kemp signed the bill on April 15, saying the aim is to “give money back to workers.”

Who Will Receive Georgia’s Refund?

To be eligible, you must have filed your 2023 state taxes by May 1 or applied for an extension until October 15. You must also have had a tax obligation for 2023.

Here’s how much you could get:

  • Single filers or married individuals filing separately: $250
  • Heads of household: $375
  • Married couples filing jointly: $500

Even part-year or non-residents of Georgia may qualify, if they filed taxes properly.

How and When Will Georgia Payments Arrive?

Refunds will be sent within 6 to 8 weeks of approval. You don’t need to apply again. The refund will come through the same method you chose for your tax refund — either direct deposit or a cheque by post.

Residents can check updates or verify their status on the Georgia Tax Center website at gtc.dor.ga.gov. You’ll need your SSN or ITIN and details like your 2023 federal adjusted gross income to use the portal.

No Federal Stimulus Yet, DOGE Plan Unconfirmed

As of now, no national stimulus payments have been confirmed by the US Federal Government. There have been talks about a possible $5,000 DOGE dividend payment, backed by former President Donald Trump and Elon Musk, but nothing has been finalised. There is no official update from the White House or Congress on this idea.

If you live in New York or Georgia and meet the income requirements, these one-time payments can provide helpful support during tough economic times. While the federal government has not confirmed any stimulus plans, state-level support like this can still make a big difference. Make sure your taxes are filed on time and keep an eye on updates from your state’s tax department.

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