2023 has been an interesting year so far. However, it’s important to point out some good news! There are states that are providing stimulus support to their residents in 2023. While not every state is providing this support, residents in certain states can see these benefits. If you didn’t realize that there was an opportunity for stimulus support, make sure you read this article so you can be in the know of what’s out there.

States Helping Their Residents with Stimulus Support in 2023

So we just want to make it clear that the best way to get accurate and up-to-date information is by checking with your state directly! They will have the most recent updates on any new opportunities for support for their residents. However, our list is a great place to start if you were curious as to what states are providing stimulus support in 2023:

• Illinois
• Idaho
• California
• Colorado
• Massachusetts
• New Jersey
• Pennsylvania

When reviewing these states it’s important to note that besides stimulus support, you also want to see if your state offers any additional assistance. This can come in many forms like programs, or through local organizations. Regardless, there may be ways to get extra support even if it’s not through one of the stimulus opportunities on this list!

Illinois

When people think of Illinois, they usually picture Chicago or super cold winters. However, this state can also be known as one that provides continuous stimulus support. That’s because Illinois has a couple opportunities in 2023 for residents to benefit! These opportunities are available in the form of rebates. There are:

• Property Tax Rebate
• Individual Income Tax Rebate

Even though the deadline for these options expired in 2022, it could be until 2023 for residents to receive the support. In fact, both rebates had a deadline of October 17th, 2022. However, both rebates are also subject to roughly 130 days in processing time. That means that if someone cut it close to the wire and waited until October 2022 to file their taxes, then it likely wouldn’t be until 2023 that a recipient would actually get the funds.

How Much Can People Get?

The specific amount that a person will get varies depending on their situation as well as the rebate. For example, the maximum that the Property Tax Rebate can provide is up to $300. On the other hand, the maximum that the Individual Income Tax rebate can provide is up to $400. Eligibility for these rebates depends on factors such as:

• Residency status
• Tax filing status
• Income status

Idaho

Even though payments for this stimulus opportunity started going out in 2022, it could be 2023 that some recipients actually get their share. That’s because recipients needed to file the relevant tax years by December 31st, 2022. That means if someone cut it close, they would get their funds in 2023. In order to benefit from this opportunity, a resident’s tax filing status is important. The most that a person can get will be the largest amount out of the following:

• 10% of a certain reported number on specific tax forms
• $300 for an individual filer
• $600 for joint filers

California

California residents should have received one-time stimulus payments back in January 2023 at the latest (however, payments started going out at the end of 2022!). The most amount that these payments can be worth will depend on the recipient. However, some recipients could see a whopping $1,050! These payments were a result of the Middle Class Tax Refund (MCTR). Qualifying recipients were able to automatically get their payments. In order to qualify, the following criteria was considered:

• Tax filing status
• Residency status

Colorado

This stimulus opportunity is a bit unique from some other options on this list! That is  because the source of this stimulus is directly tied to the fact that the state brought in too much revenue during a specific fiscal year! There is a legal obligation that Colorado has when this happens. According to their laws, the extra funds must be returned to eligible taxpayers. There are instances where this doesn’t have to happen. For example, the taxpayers could vote for the state to keep the funds! However, it should come as no surprise that this vote did not happen so taxpayers will be getting what they are due. In regards to the fiscal year of 2021 to 2022 – recipients will be able to get up to $1,500! How much a recipient can get depends on factors like:

• Tax filing status
• Age
• Residency status
• Application status

These funds should have been given by the end of January in 2023. If you believe you were due funds and didn’t receive anything then you will want to reach out to your state directly!

Massachusetts

Even though Colorado is unique in its own right compared to some other states on this list, Massachusetts is not one of them! That’s because this state also has laws around what to do when they make too much revenue for a specific fiscal year. The specific amount that an eligible taxpayer would get varies depending on some certain information. However, regardless of the specifics, generally a recipient can expect their refund to be worth 14.03% of their personal income tax liability for 2021. This is specifically in reference to their state liability! The last date that taxpayers have to file is September 15th, 2023. That means if someone cuts it close to the wire, they can expect to receive their share around October 15th, 2023. This is due to the fact that it will take around a month to get their funds (give or take).

New Jersey

Until January 31st, 2023, homeowners and renters in New Jersey were able to submit an application to the ANCHOR property tax relief program. This benefit is a replacement to a previous program that used to provide support. Recipients that were able to submit an application can expect up to $1,500 if they are a homeowner. On the other hand, renters can expect up to $450. Even though the difference is pretty big between the amount that renters and homeowners can get, it’s still extra funds at the end of the day! Any little bit can help.

Pennsylvania

When people think of Pennsylvania, a lot of different things can come to mind. However, this is also a state providing stimulus support to some of its residents. Not every resident will be able to make the most out of the available opportunity that this state is providing. That’s because qualification criteria focus on only those that are:

• 18 years old (if they have a disability)
• 50 years old (if they are a widow or widower)
• 65 years old (or older)

Typically, a recipient will be able to get $650 at most. However, there are certain cases where some people can see a maximum of $975! Besides the age factors above, income requirements will be in consideration when determining how much a recipient can get.

All in All

While many people think they may be out of luck when it comes to getting some stimulus support in 2023, that’s not necessarily the case! Well…it’s not necessarily the case for certain residents in some states. Even though we listed some opportunities, your best bet is checking with your state directly. That’s because they will have the most accurate information on opportunities that can benefit residents like yourself. Current news is important to stay on top of, especially at the state level! Luckily, there are opportunities out there for some people, so it’s important not to miss out!