Stimulus update: Direct one-time payments arriving in four states in September
Rachel Schilke
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Millions of people across four states are set to receive state-funded, one-time direct payments over the month of September.
Residents in Alaska, Minnesota, Montana, and Washington are eligible to receive money from their respective state governments. Over 2.1 million people are set to receive a check from just one of the programs.
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Alaska
The Last Frontier State will be distributing the Permanent Fund Dividend to eligible residents on Sept. 14.
Recipients are those who were marked with “Eligible-Not-Paid” status starting on Wednesday. The fund pays residents a portion of the state’s minerals revenue.
To qualify, residents must have lived a full calendar year in Alaska and intend to remain living in the state. It is the largest payout in history, with each resident set to receive $3,284.
Those who applied for 2023 dividends will receive payments beginning in October.
Minnesota
Over 2 million people will receive a rebate from the Minnesota government due to an update in the state’s tax law.
The legislation, which was signed in May, allocates payments of $520 for married couples filing jointly on a 2021 income or property tax return. They must have an adjusted gross income of $150,000 or less.
Payments worth $260 will go to individual residents with 2021 adjusted gross incomes of $75,000 or less. An additional $260 is added for each dependent claimed, with a limit of up to three dependents. Payments can arrive as direct deposits or checks.
“Direct deposit payments will go out first, followed by paper checks in the mail. The department expects the nearly 2.1 million rebate payments to be initiated by the end of September,” the Minnesota Department of Revenue said in August via Newsweek.
Montana
Montana property owners are eligible for a rebate of $675 or an amount not exceeding the property taxes paid.
A property owner owing $425 in property taxes would receive $425 in rebates. A person owning $800 in property taxes would receive $675, as that is the maximum.
The funds were allocated by state legislators earlier this year. Qualifying recipients must have owned and lived in a residence in Montana for seven months or more, and they must have received and paid for the property tax bill on the residence. One rebate is allocated per residence.
The estimated wait time for a rebate is between 30 and 90 days, depending on the filings.
Montana residents are also receiving individual income tax rebates, which began in July and will continue until December. Single filers receive “$1,250 or the line 20 amount on Form 2, whichever is less,” according to Newsweek. Married couples will receive the smaller payment of up to $2,500 or the line 20 amount on Form 2.
Washington state
Washington residents can apply and receive money from the Working Families Tax Credit.
The credit offers payments between $50 and $1,200 for residents who have lived in the state for at least half of the 2022 calendar year (or 183 days). They must also be between 25 and 65 or have a qualifying child, have a valid taxpayer ID or Social Security number, and have filed a 2022 tax return.
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The money is “a credit of retail sales or use tax for low-to-moderate income Washington residents,” according to the Washington Department of Revenue. The minimum credit is $50, but the amount of credit will vary based on the income level and number of children who are claimed.
Washington residents have three years to claim the credit after applications opened in February.