One-time $700 tax refund in May: Only in this state will you receive the stimulus checks

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Published On: May 11, 2024 at 9:00 AM
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The White House continues to increase social benefits across the country, as well as decentralizing them to the states. This is a traditional policy in the country, but it has now been turned around with the new stimulus checks that were announced in May. You can receive up to $700, but only for these requirements and in one state (in no case will it be for all 50).

New stimulus checks, only in this state: do you live here?

The Federal Government came up with three stimulus check and issued to Americans in 2020 and 2021 to curb the COVID-19 crisis. The direct payments were provided as those ranging from $1,200, $600, and $1,400 for individual adults as well as children based on eligibility requirements.

One of the states now is considering increasing the relief so that people can balance out the rise in price of facilities. Arizona has put forward that giving $700 stimulus payment to the below-poverty livers who meet some conditions is suggested.

Under the proposed plan, Arizona stimulus checks will be targeted at the households experiencing financial difficulties paying for the essential goods with prices that never stayed at the same level. If the initial bill is passed, the checks of $700 will go out to many people across Arizona around mid-May.

The stimulus checks, pending on this budget proposal: what you have to know

Arizona state senator Martin Quezada suggested this past week that 700-dollar stimulus checks be distributed to the substyling Arizona residents as a part of the state’s new 2024 budget. The proposal is to distribute $700 in one go among the taxpayers having lower-income level who are AZ residents.

Senator Quezada’s proposal was introduced to potentially replace the 2024 Arizona fiscal year budget which is under debate in the senate at the moment. The budget is going through amendments in the Arizona legislature. The process requires the approval of the governor and then it becomes the law.

This new proposal will benefit surprisingly large number of Arizonans falling into low- and middle-income category as it will be a basis for easing growing expenses. Well, whatever be the case, the budget discussions are still going on and it yet remains to see if this one off $700 stimulus check will figure out in the budget.

The one-time stimulus payments which are nothing new as they follow earlier federal stimulus schemes during the pandemic that offered payments of $1200 and $600. Hence, the new one has the feature that it is meant for Arizona natives who may be struggling in the current inflation and the cost of living.

Compatibility of the new stimulus checks with other social benefits

For the underlined sentence to be permissible in Arizona for which $700 stimulus checks are proposed, the residents have to comply with certain conditions:

  • First, the pilot program would only include individual tax returns that originated from the residents of Arizona who filed 2023 state taxes. This is intended to afford some taxpayers comfort and consolation amid increased costs.
  • Second, there would be part that only people who earn under certain salary will be eligible for it. The Individuals whose income is less than 75000 dollars per year and the couples whose income is less than 150000 dollars per year would qualify for this definite tax cut.

If someone is living in Arizona who is receiving government aid, would be an automatic qualification as well. This not only comprises people who are on food stamps/SNAP, WIC, TANF as well the state emergency rental assistance. Localizing these channels makes it possible to reach households within the most needy groups.

As you can see, these $700 stimulus checks are going to be an essential help for millions of Americans. You know the requirements, as well as the deadlines and the application method, the only thing left to do is to apply before it is too late (you saw what happened with the third payment and the chaos that originated all over the country). As for the fourth payment, we do not know yet, but we will inform you.