A $1,400 Stimulus Check May Be On the Way From Your State. Here’s What We Know.
In case you’ve been wondering if there would be a fourth stimulus check, I have some news for you…
While President Biden has not made any announcements nor indications that another stimulus check is on the horizon, you may actually be getting one directly from your state instead of the federal government.
Here’s everything we know about this so far…
Last week, The U.S. Department of Treasury released new spending rules for $350 billion in direct, flexible aid to states, counties, cities and tribal governments which was issued as part of the American Rescue Plan Act, Forbes reported.
What does this mean for you?
It means that local and state governments may use the funds for “direct assistance to households and populations facing negative economic impacts due to COVID-19,” (Source).
Basically, it would be a $600-$1,400 stimulus check for people who have “experienced unemployment or increased food or housing insecurity or is low- or moderate-income experienced negative economic impacts resulting from the pandemic.” (Source)
In addition to stimulus payments, the funding could also be used for:
- Food assistance
- Rent, mortgage or utilities
- Counseling and legal aid to prevent homelessness
- Emergency assistance for burials, home repairs, weatherization
- Internet access / digital literacy
- Job training
Some states are already issuing stimulus checks.
For example, California issued a $600 payment (known as the Golden State Stimulus) to households with income below $30,000, and those who missed out on prior federal stimulus funds because they have an Individual Tax Identification Number instead of a Social Security Number, according to a press release issued by Governor Gavin Newsom’s office.
Maryland, Colorado and New Mexico also issued payments to taxpayers who met certain requirements, Fast Company reported.
So, the best thing to do is check with your local State Tax Commission and see if they are issuing any additional stimulus checks and what the qualifications will be.
