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Some US states issue stimulus checks before December

Some US states issue stimulus checks before December

The last days of November will arrive, as well as the end of 2023 and the residents of the United States are waiting for the economic assistance of the government. Americans with limited cash flow are those who need financial assistance from the country’s authorities.

Many states across the country care about their residents and have decided to offer incentive checks. By the end of the month, the money will be distributed in Alabama, Arizona, Maryland, New York, Virginia, Florida, Georgia, Michigan, Tennessee and Texas.

All these states have different rationales for selecting the recipients of funds. The same goes for the figures to be distributed, which differ from state to state.

Statistics provided

Amounts are expected to range from $150.00 USD to $2,000.00 USD. New York State has one of the highest contributions, as citizens collect between $500.00 USD and $1,000.00 USD. Alabama residents will receive checks for $150.00 USD and $300.00 USD, while Virginia is allocated payments ranging from $200.00 USD to $400.00 USD.

Florida is slated to contribute $450.00 USD and Georgia $250.00 USD. States set adjusted gross income (AGI) limits, but the average for married couples with joint taxable income is $150,000.00 USD.

The median AGI for heads of households is $112,500.00 USD and $75,000.00 USD for singles. There are tax benefits for families with dependent members. Almost all tax refunds are due by Thursday, November 30 of the current year.

President Joe Biden’s administration has no intention of authorizing more stimulus checks at the federal level. The reason for this approach is that the North American economy has improved after the impact of the coronavirus.

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