MILLIONS of Americans have just days before they earn one-time checks worth between $450 and $1,500 in two states.
The U.S. Sun has compiled the requirements for both and when exactly you should expect your checks to arrive.
1. COLORADO ($1,500)
Colorado will be sending out the Cash Back rebate by January 31 to everyone who filed their state returns by October 17, 2022.
While checks have been consistently issued throughout the month, the rebates should all be sent by the middle of next week.
Governor Jared Polis originally signed a law in May 2022 to provide the payments of $400 for individual filers and $800 for couples.
However, a few months later, more state revenue had come in. So the payments increased to $750 for individuals and $1,500 for couples.
The rebates this month are only for filers who completed taxes by the October 17 extension. Earlier payments were sent to on-time filers.
In total, about three million residents qualified for the cash.
To be eligible, you had to have been 18 years old by December 31, 2021 and also lived as a resident of Colorado for the entire 2021 income tax year.
Additionally, you must have filed a state income tax return.
However, if you didn’t file taxes, you can still secure the payments as long as you applied for a property tax, rent or heat credit rebate.
Those who moved to the state within the last year do not qualify to earn the cash.
All checks will be mailed to your last known address, as identified on your 2021 tax return.
2. MAINE ($450)
In addition to Colorado, Maine will begin sending nearly a million residents checks worth $450 in just days.
State officials anticipate all of the Maine winter energy relief payments to be sent out by March 31 at the latest.
However, the end of this month marks the first time recipients can look out for the money.
The Emergency Energy Relief Plan was approved as an emergency measure to reduce the hardships faced by residents across the state.
“With high energy prices causing real hardship, this emergency measure will ease the financial burden on Maine people by putting money back into their pockets and ensure that our most vulnerable citizens are able to stay warm this winter,” Mills said after signing the bill into law.
An estimated 880,000 Maine residents are eligible for the payments.
However, to qualify for the energy relief payments, there’s a certain set of criteria you must meet.
First, you must have filed a Maine income tax return as a full-year resident for the tax year 2021.
The deadline to do so was October 31, 2022.
You also must have an income lower than $150,000 if you’re filing as head of household.
Or, if filing jointly, your income must be lower than $200,000.
If filing as a single individual or a married individual filing a separate return, the limit is $100,000
To qualify, you also cannot be claimed as a dependent on another taxpayer’s return.
Keep in mind, if you received the state’s $850 pandemic relief check, you will automatically qualify, as long as you didn’t change your 2021 tax return since receiving the initial payment.
All payments will be mailed to the address on your Maine tax return.
Several other states have implemented their own rebates to help Americans amid record high inflation levels.
Since October 2022, millions of California residents have been receiving rebates ranging from $200 and $1,050, depending on their adjusted gross income.
The one-time payments have been sent in phases and will provide relief to nearly 23million residents.
All Californians can expect to receive the cash by the end of this month.
Idahoans will also earn a $600 rebate this year.
Approved back in September 2022, Idaho passed a package to cut the state’s record budget surplus, including taxes.
Individuals will grab a minimum of $300 while joint filers should receive $600.
The Idaho State Tax Commission expects to send roughly 800,000 rebates by the end of March 2023.
Another state is considering monthly direct payments worth up to $2,200.
Plus, see if you’re one of the Americans eligible to get $51.3million in debt erased.