As inflation continues to affect household budgets, some states and municipalities are implementing one-time stimulus payments scheduled for August 5. Unlike the federal relief payments issued during the pandemic, these funds are distributed through state-specific programs like California’s Middle Class Tax Refund, Colorado’s TABOR rebate, and New Mexico’s cost-of-living rebate which are designed to assist residents during the summer. Additionally, numerous cities have begun distributing small payments to target low- and middle-income families struggling with high grocery prices, utility bills, and energy expenses.
State to State
New Mexico allows single filers to claim $500 and joint filers $1,000. Colorado’s TABOR refunds are around $750 per taxpayer and California’s Middle Class Tax Refund varies between $200 and $1,050 based on income and filing status. Tax filers with dependents and claim state tax credits, including the Earned Income Tax Credit, are likely to qualify, but it’s advisable to confirm details on your state’s department of revenue website.
Automated Deposits and Check by Mail
Most states offer direct deposit into the taxpayer’s account, assuming the account was used for direct deposit settings in previous filings. If deposit details were omitted, checks will be issued in the weeks following August 5. To minimize potential delays, checking campaign and account information, as well as verifying the last used address, ensures direct deposit details are accurate.
Confirm or change bank details for faster Stimulus payments.
File your 2023 return as soon as possible, avoid waiting for filings deadlines—some states allow late submissions.
Monitor official updates and notices as states do not ask for bank information via calls or emails.
Missing payment inquiries are not to be raised before the window of 2 weeks from August 5 for contacting relevant tax authorities.
What to Do If You Don’t Receive Your Check
If the deadline passes and it has been two weeks without any updates, the first thing to do is check your online tax account to see if there are any updates on the payment processing. Payment and processing times differ from state to state and also depend on the payment method used. If you do find an error like an old bank account that is no longer used or a return that has been filed incorrectly, you can use the agency’s portal to correct it or use the provided instructions. You are, however, free to call or email the department of revenue in your state and they would gladly assist you.
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