Residents in New Jersey and Massachusetts recently received stimulus payments and now residents in New Mexico, Colorado, and Delaware can expect more financial relief next month. As the US economy continues to struggle due to the COVID-19 pandemic, many Americans are feeling the effects of inflation and a volatile job market. In an effort to provide economic support, some states are offering stimulus payments to eligible residents.
New Mexico Governor Michelle Lujan Grisham announced a third round of stimulus payments to provide over $673 million to state residents. The payments will be automatically distributed on June 16th to single filers and married taxpayers, household heads, and surviving spouses who file their 2021 taxes by May 31, 2024. Those who do not file income tax can also apply through the state welfare department. The State Department of Revenue will send $500 rebates to single filers and $1,000 to jointly filed taxpayers.
In Colorado, low-income residents of Boulder may be eligible for the city’s annual food tax refund program, which provides a lump sum payment of $99 to $302 to compensate for the city sales tax on groceries. Eligible individuals must be aged 62 or older, disabled, or have a family with a child under the age of 18 with an annual income requirement of $43,000 for individuals and $82,800 for families of eight. Applications are still being accepted until June 30th.
Finally, in Delaware, residents who are 18 and over and filed their 2021 income taxes received one-time direct payments from the Delaware Relief Rebate Program. The program aimed to combat inflation and gas prices and cost over $180 million in state budget surpluses. Applications for the program are now closed, but eligible residents who have not yet received their payments can check their status on the state website.
It is clear that states across the US are continuing to offer economic relief to their residents during these unprecedented times.