Update on the Stimulus: In February 2022, Residents in These Four States Will Get Additional Stimulus Funds
While millions of Americans are hoping for additional stimulus money in 2022, it looks like we will be out of luck, at least for the time being. Despite the fact that prices has been climbing and unemployment rates have been rising, there was no more government stimulus money set to be delivered to Americans as of late January.
That’s bad news for families who have become reliant on the extra revenue increases to their bank accounts in recent months. The money translated to huge advantages for families thanks to the increased Child Tax Credit payments and the three stimulus cheques. For starters, millions of households were much less financially pressured, and millions of children were lifted out of poverty, at least temporarily, as a result of the increased funds.
However, given the recent expiration of the increased Child Tax Credit and the absence of federal stimulus money on the table, new federal stimulus money is unlikely to be awarded in the near future. But it doesn’t mean we’re completely out of luck. Some states have stepped in to fill the void created by the federal government. In 2022, these states will distribute extra stimulus money to people in some way or another. Here are the four states that will be providing assistance, as well as the details of their stimulus plans for the future year.
1. The State of California’s Stimulus Package
While nothing is written in stone, all indicators lead to Californians receiving extra stimulus money in 2022. Due to a budget excess that mandates the state government to return the money to people, several stimulus checks were issued in this state in 2021, and the same is predicted in 2022.
California’s governor has also stated that when the budget is amended in May, he plans to add extra stimulus money.
“We intend to provide an extra refund to the taxpayers in the May rewrite wording when I update the budget,” he stated. “Our budget does not include any additional taxes.”
It’s anyone’s guess what that programme will look like in the end, but if the 2021 California stimulus programme is any indication, any stimulus money issued in 2022 in this state will most likely be aimed at assisting low-income Californians who are struggling due to the pandemic and the high cost of living in the Golden State.
Last year’s Golden State stimulus programme was initially restricted to those with lower incomes, but it was eventually broadened to cover people earning $75,000 or less. This extension made two out of every three Californians eligible for a portion of $12 billion in state stimulus funding, according to the governor’s office.
Due to the program’s growth, it is probable that it impacted the finances of Californians across a wide variety of income groups — and given this year’s huge budget surplus, it is also likely that the programme will be at least somewhat comparable to last year’s.
2. Florida’s Stimulus Payments for Educators
The state of Florida gave teachers and principals $1,000 payments last year as a “thank you” for continuing to work and instruct pupils during the outbreak. This stimulus money went to about 170,000 teachers and principals.
And, while nothing is written in stone, it looks like another incentive for Florida educators is on the way. Florida’s state budget for 2022 contains funding for a second stimulus payment for teachers and principals. If enacted, the checks would most certainly be worth another $1,000, which would be a very good incentive for instructors to keep working through the epidemic.
3. The State of Indiana’s Stimulus Checks
Indiana, like California, has a budget surplus that will be distributed to people as a stimulus payment. Residents of Indiana will get a $125 state-funded tax refund when they file their 2021 tax returns. The funds will come from the state budget surplus that happened in the fiscal year 2021.
Tax returns began to be received as early as Monday, Jan. 24. This implies that Indiana individuals who file early will be able to take advantage of the additional stimulus funds in the coming weeks, assuming their tax returns are completed within that time frame.
4. New York’s Stimulus Package for Unauthorized Workers
Undocumented employees across the country were mostly ineligible for the federal stimulus funds that were distributed in 2020 and 2021. New York moved in to level the playing field by providing illegal employees with access to a $2.1 billion stimulus check fund.
Undocumented employees can apply for money from the first two stimulus cheques through this fund. To be eligible, you must be a New York resident with an annual income of less than $26,000 in 2020. You have to be ruled ineligible for the first two stimulation checks as well.
While federal stimulus support for Americans may have ended, people still suffering from financial hardship as a result of the epidemic may be able to seek assistance from other sources, including as their own states.
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