A one-time check worth between $450 and $1,500 in two states will be out in just days.
$450 To $1,500 A One-Time Check Will Be Heading To Millions Of Americans (PHOTO: The US Sun)
The One-Time Check
The one-time payments are courtesy of the Colorado Cash Back Program as well as a winter energy relief rebate in Maine. In this article, we provide you with the requirements for both and when precisely you should expect your checks to arrive.
The Two States That Give One-Time Payment
1. COLORADO Cash Back Rebate Worth $1,500
The Cash Back rebate in Colorado will be given by January 31 to every taxpayer who filed their state returns by October 17, 2022. While checks have been consistently allocated 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 payments of $400 for individual filers and $800 for couples. However, months later, the payments raised to $750 for individuals and $1,500 for couples.
To be eligible, you must be 18 years old by December 31, 2021, and also live as a resident of Colorado for the entire 2021 income tax year. However, if you failed to file taxes, you can still secure the payments as long as you applied for a property tax, rent, or heat credit rebate. Those who transferred to the state within the last year do not qualify to earn the cash.
2. MAINE’s Winter Energy Relief Payments Worth $450
Maine will start mailing about a million residents checks worth $450. State officials anticipate all of the Maine winter energy relief payments to be mailed out by March 31 at the latest. This end of this month marks the first time recipients can look out for money. The Emergency Energy Relief Plan was authorized as an emergency measure to lessen the difficulties faced by residents across the state. Approximately 880,000 Maine residents are eligible for the payments.
Furthermore, to qualify for energy relief payments you must have filed a Maine income tax return as a full-year resident for the tax year 2021 and the deadline process is on October 31, 2022. You also must have an income lower than $150,000 if you’re filing as HOH. If filing jointly, the income should be lower than $200,000.
If filing as a single or a married individual filing a separate return, the limit is $100,000. The applicants also cannot be claimed as a dependent on another taxpayer’s return. Keep in mind, if you obtained the state’s $850 pandemic relief check, you will automatically be eligible, as long as you didn’t change your 2021 tax return since receiving the initial payment.
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