2023 is bringing lots of change for people across the country. One change, in particular, is that certain people are still able to get stimulus payments! However, not everyone is able to get stimulus support. It is only available to residents who live in certain states. While this article will aim to shed some light on some of the states that are helping out their residents, we do want to provide a friendly reminder! The best place to get the most recent information for your state is directly from them! You should always make sure you stay updated so that if any stimulus opportunities come up that aren’t on this list, you can still take advantage of them.

Understanding Which Residents Can Benefit from a 2023 Stimulus Payment

Certain residents can consider themselves lucky if they live in any of the following seven states:

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

Massachusetts

Different states have different laws that determine how they operate and handle their finances. Massachusetts is no exception to this. This state has limits in place when it comes to how much the state can bring in each year. If these limits are passed, then the state will need to figure out what to do with the extra funds. Generally speaking, the extra funds can go back to certain residents (a.k.a taxpayers from the state). They will be in the form of a refund through a tax credit that is worth 14.03% of their state personal income tax liability based on the tax year of 2021. That means in order to benefit from this opportunity, a taxpayer will need to file their 2021 taxes by the deadline of September 15th, 2023. People may cut it close to the wire and those who do can expect to get their funds roughly by October 15th, 2023.

Idaho

Tax rebate payments started going out back in 2022 in Idaho. Even though this is the case, some residents still may see their payment in 2023. The deadline to file their 2020 and 2021 taxes was December 31st, 2022 (and this is a factor that was needed in order to qualify!). The amount of money that people can get from these payments varies but it will be the largest from these opportunities:

• 10% of the tax amount that was reported on specific forms
• $300 for a filer who is an individual
• $600 for people who are filing jointly

Those who are able to get a payment can expect them as either a paper check or as a direct deposit. This means that when they will get them depends on the tax filer specifically!

Colorado

Just like other states on this list, Colorado has limits on how much the state can bring in each year. When these limits are passed, the funds will go back to certain residents (unless there is a vote done by the taxpayers that allow the state to keep any additional revenue). For the fiscal year between 2021 and 2022 for the state, the limits were passed and there was no vote telling the state to keep the funds. That means that taxpayers can get at most $1,500 depending on their tax filing status. The last date that people were able to file their relevant state income tax return was October 17th, 2022. Those who are able to get a payment can anticipate that their refund will come in by January 31st, 2023.

Illinois

There are a couple of opportunities in Illinois that are providing a stimulus payment to residents in 2023 which include:

• Property Tax Rebate
• Individual Income Tax Rebate

Each opportunity will be able to provide a different amount of money. For example, for the Property Tax Rebate, up to $300 is available to qualified taxpayers. On the other hand, when it comes to the Individual Income Tax Rebate, the most people can get is $400. For both of these opportunities, factors will come into play:

• Residency status
• Income requirements
• Tax filing status

When people will be able to actually get their payments depends on a few factors. However, the last day to file the relevant taxes was October 17th, 2022. On top of that, taxpayers need to account for the processing time which could be 130 days!

Pennsylvania

Certain people in this state can get up to $975. Keep in mind that like many opportunities on this list, the stimulus is only available to certain people. In this case, this includes those that are one of the following:

• At least 18 years old if they have a disability
• At least 50 years old if they are a widow (or widower)
• Elderly which means being at least 65 years old (if not older)

California

California residents were able to benefit from the Middle Class Tax Refund (MCTR). Although payments started going out towards the end of 2022, people may actually receive them sometime in 2023. For this opportunity, in particular, some people may have seen their payments come in January 2023. The form that these payments will be in varies but can be a debit card or a direct deposit payment. The payments can be worth up to $1,050. To actually receive this payment, the following factors are considered:

• Tax filing status
• Residency status
• Income limits

New Jersey

Lots of things may come to mind when people think of New Jersey. Regardless, New Jersey provided residents the opportunity to get aid from the ANCHOR property tax relief program. They had until January 31st, 2023 to get an application in for this benefit. There are opportunities for up to:

• $1,500 for homeowners
• $450 for renters

In Conclusion

When people think of 2023, they may not realize that there are stimulus opportunities out there for this year. However, instead of stimulus payments going out at a nationwide level, they are going out at the state level (and only for certain states!). This article detailed seven of these states that are providing some sort of stimulus to their residents in 2023. However, it’s important to check with your state specifically even if it wasn’t on this list. You want to make sure you aren’t missing out on any potential opportunities of support!