4th stimulus check 2022 updates — Millions to get $1,050 direct tax relief payments — how to make sure you get it
NEW York homeowners are currently receiving some assistance in the form of direct payments.
A one-time homeowner tax rebate credit (HTRC) of up to $1,050 is being sent out by the state to qualified households.
This credit is in addition to what New Yorkers may be eligible for via the STAR program (School Tax Relief).
STAR is an ongoing initiative that provides qualified homeowners with school tax reductions.
The average benefit to New York City residents will be $425 and will be around $970 outside of New York City.
Low-income homes earning less than $75,000 will get an average benefit of $1,050 statewide.
On tax returns for the year 2022, credits will be applied in advance and the majority of the homeowner tax rebate credit checks are expected to be mailed this month, according to the state.
Read our stimulus check live blog for the latest news and updates...
Amount of stimulus checks issued
The Internal Revenue Service (IRS) said it issued more than 175million checks worth $400billion, as of December 2021.
In 2020, the IRS issued 162million stimulus checks.
And more than 147million second-round stimulus checks have been issued, according to the IRS.
June is national homeownership month
June marks National Homeownership Month, according to the
It’s a time to help families achieve affordable ownership.
The Biden Administration has taken six steps to make home-buying more affordable, which are laid out .
Three guaranteed income payments in California
Guaranteed income payments are no-strings-attached-relief that seek to increase the social safety net.
Three programs currently open in California include:
Program:
- Location: Oakland, California
- Length: Summer 2020 to present
- Payments: $500 a month for 18 months
- Participants: 600
Program:
- Location: Sacramento, California
- Length: June 2021 to June 2022
- Payments: $300 a month for two years
- Participants: 100
Program:
- Location: South San Francisco, California
- Length: October 2021 to October 2022
- Payments: $500 a month for one year
- Participants: 135
Vermont income tax exceeds projections
The state of Vermont has three major state funds: the General Fund, Transportation Fund, and Education Fund.
Combined, the funds equal $531.4million, 35 percent higher than the revised monthly consensus expectations, according to .
Heading into the last two months of the state’s fiscal year, the funds are $161.6 million ahead of consensus revenue estimates.
Lawmakers want to repeal 18.4 cent gas tax
The federal tax on a gallon of gasoline is 18.4 cents, according to the .
In a Pennsylvania Governor Tom Wolf has asked Congress to repeal the tax through the end of 2022.
He was joined by Governors Gretchen Whitmer of Michigan, Jared Polis of Colorado, Michelle Lujan Grisham of New Mexico, and Tony Evers of Wisconsin.
New York aid to artists
The New York City Artist Corps (CAC) program handed out one-time grants to 1,800 artists, with the payments set to go out by the end of last October.
It was aimed at helping artists sustain their practice and engage the public in what’s said to be thousands of cultural programs. The cash was given out to New York City-based artists who suffered financially during the coronavirus crisis.
Ten states sending stimulus and rebate payments
Several states have approved more help for workers in 2022.
The help takes two forms: direct relief payments and tax rebates.
The states include Colorado, Delaware, Georgia, Hawaii, Idaho, Indiana, Maine, New Jersey, New Mexico, and Minnesota.
Washington county includes residents in stimulus discussions
Before Snohomish County in Washington state spends nearly $160million in American Rescue Plan Act funds, it intends to include residents in discussions about where to spend it.
Snohomish County Executive Dave Somers recently announced the engagement effort and will include one in-person event for each district of the county.
The Office of Recovery and Resilience will be hosting five in-person recovery events throughout May and June.
“Throughout the COVID-19 pandemic, Snohomish County communities have come together to do what’s best for all of us,” Somers said in a .
“We’ve gotten vaccinated, tested, and rallied around our front-line workers and small businesses. Our collective recovery should be no different – we have to do it together,” he added.
Up to $500 set for Missourians
Lawmakers in the Missouri Senate passed a $49billion budget – the largest in the state’s history.
The budget will allow individual income filers to get up to $500 while joint filers can expect to receive up to $1,000.
Taxpayers will get $1 back for every dollar they’ve paid in taxes, The revealed.
Illinois payments worth up to $400, continued
Single taxpayers earning less than $200,000 qualify for a $50 rebate under the program.
Meanwhile, couples earning less than $400,000 are expected to receive $100.
Eligible Illinoisans will get also get $100 per dependent, capped at three.
It’s likely that the payments will be mailed to eligible recipients at some point in the second half of this year.
An exact date has not been confirmed.
Illinois payments worth up to $400
Taxpayers in Illinois may receive payments worth up to $400 before 2022 is over.
The direct payments are part of an updated state budget plan.
Governor JB Pritzker signed the new $46.5billion budget on April 19.
Americans could get up to $400, but it depends on their tax filing status and family size, reported.
Stimulus program will make payments until October
The opened in October 2021 and will close on its one year anniversary.
Although, city officials may be able to continue the program, depending on funds available.
It has provided $500 a month to 135 participants during the past year.
Direct payment program to close this month
The city of Sacramento provides $300 each month to families through the
The program closes this month, June 2022.
It has provided 100 families $300 a month for the last two years.
Guaranteed income in California up to $500
The program, available to families in Oakland, is the .
The program has been active since 2020.
It provides payments of $500 each month for 18 months.
There are roughly 600 participants to date.
Direct payment program in Sacramento worth $300
On June 1, 2021, 100 families in Sacramento County, California began receiving $300 every month.
The monthly payments will be sent for 24 months.
The program is known as the Direct Investment Program in Sacramento.
While the program is currently full, program managers are working with the city of Sacramento to expand, according to the .
Illinois payments worth up to $400, continued
Single taxpayers earning less than $200,000 qualify for a $50 rebate under the program.
Meanwhile, couples earning less than $400,000 are expected to receive $100.
Eligible Illinoisans will get also get $100 per dependent, capped at three.
It’s likely that the payments will be mailed to eligible recipients at some point in the second half of this year.
An exact date has not been confirmed.
Illinois payments worth up to $400
Taxpayers in Illinois may receive payments worth up to $400 before 2022 is over.
The direct payments are part of an updated state budget plan.
Governor JB Pritzker signed the new $46.5billion budget on April 19.
Americans could get up to $400, but it depends on their tax filing status and family size, reported.
Automatic payments being considered in Colorado, continued
The city of Boulder put aside $250,000 in federal funds from the American Rescue Plan.
The program is known as the .
A senior project manager told that the pilot has a total budget of $3million.
Officials are still looking for private partnerships to boost donations.
Automatic payments being considered in Colorado
Chances are likely that people in Colorado will benefit from a new guaranteed income program this year.
According to , the City of Boulder, Colorado plans to launch the new guaranteed income pilot by the end of the year.
The no-strings-attached payments will be partially funded through the American Rescue Plan.
Santa Clara basic income pilot program
Several cities have created their own universal basic income (UBI) programs in the past year.
is one of them.
The pilot program in the California region opened in 2020 and provides payments up to $1,000.
Roughly 2,400 to 2,500 young adults transitioning out of foster care will benefit from the initiative.
West Hollywood Pilot for Guaranteed Income
Guaranteed income programs have been popular since Presidential candidate Andrew Yang introduced the idea.
The West Hollywood Pilot for Guaranteed Income (WHPGI) program, in particular, was created after a found that 43percent of West Hollywood’s residents identify as LGBT.
The application period for the program opened on February 25, 2022 and closed on March 6, 2022.
The payments, worth $1,000, are to be sent to 25 randomly selected residents.
The program will run from April 2022 to October 2023.
$100million first-time homebuyer program opens, continued
To qualify for the , Florida residents should have a minimum credit score of 640, provide proof of employment, and meet the income threshold for their county.
Eligible borrowers will receive up to 5 percent of the first mortgage loan amount.
The maximum benefit is $25,000.
$100million first-time homebuyer program opens
The program, known as the , will launch June 1.
The news came from on May 23.
The program will make it easier for essential workers, including policemen, firefighters, and nurses, to purchase homes in their communities.
The Chicago Moves program, continued
To receive a $150 gas card, Chicago residents must demonstrate need.
To do this, residents must live in Chicago full-time, be 18 years or older, and have a household income at or below 140 percent of the area median income.
Cards will be distributed every month from May through September.
The lottery will be conducted in the second week of each month.
To be considered for each month’s lottery, applications must be submitted by the first day of that month.
The next deadline is tomorrow, July 1.
California continues to send stimulus checks
Under its Golden State I (GSS 1) and Golden State Stimulus II (GSS II) programs, California is still sending checks to workers.
To qualify for either program, workers must earn less than $75,000 and have filed 2020 taxes before October 15, 2021.
The state sent more than 72,000 payments on April 22, the franchise tax board (FTB) told The Sun.