States offering incentive checks in February

In February 2024, the federal government will provide financial assistance to Americans through the IRS.

Although these checks have stopped being issued after the Covid-19 pandemic, many states continue to send checks or tax refunds to their residents.

In February, the states in the country sending out this incentive test are: Alabama, Alaska, Arizona, Colorado, Massachusetts, Michigan, Minnesota, Montana, New Mexico and Pennsylvania. Eligibility for these incentive tests depends on what each state determines by its own Department of Revenue.

Who is eligible for stimulus check in February?

Beginning in December 2023, the State of Alabama is offering an incentive check worth $150.00 USD. The pending ones are still receiving. Must have filed 2021 state personal income tax return by October 17, 2023. No new checks have been announced for 2024.

How much is a stimulation test?

In Alaska, a stimulus check provided by what is known as a Permanent Fund Dividend (PFD) is active. This amount corresponds to the profit received in 2023. Those who qualify still receive over $1,000 USD. Applications are being collected for its 2024 version of the PFD trigger test, which will begin offering by the end of the year.

Arizona offers a stimulus check through a tax refund program. This assistance is for dependents who will receive $750.00 USD each. Dependents under 17 can claim.

Colorado residents can request a stimulus check with a sales tax refund. To receive a check, taxpayers must file a 2023 tax return and receive a TABOR refund.

People over age 65 who own or rent a home in Massachusetts can claim the Circuit Breaker Tax Credit. The credit is equal to your total real estate tax payment, or 25% of your rent in the case of a renter. The fee for these aids translates to $2,590 USD.

In Michigan, direct payments are made through the Earned Income Tax Credit (EITC) for Working Families. It will increase the central government's debt by 6% to 30%. In addition, an additional check worth 24% of the 2022 federal EITC will be issued.

Minnesota also offers financial assistance to parents and guardians of children with children worth $1,750 USD. There is no limit to the number of children who can claim. The total credit is only meant for taxpayers with income below $29,500 USD.

The state of Montana offers property tax credits to home-based workers. Applications to claim this check can be sent from August 15 to October 2024. This state incentive will be $675.00 USD.

New Mexico will also issue a $1,000 USD check to tax-paying residents. They have a budget of $15 million dollars for this. Single taxpayers will receive $500.00 USD and married couples will receive $1,000 USD. As a requirement, 2021 PIT declaration forms must be submitted by May 31, 2024.

In Pennsylvania, some of its residents may claim a property tax refund. Applicants have till June 30, 2024 to complete the process. It is done annually and is free. Eligibility varies by age. The Department of Revenue automatically calculates the rebate for qualified homeowners.