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Surprise ‘stimulus check’ refund worth $125 being sent to millions for the first time in a decade – are you… – The US Sun


CASH-STRAPPED Americans in Indiana will receive a cash boost of $125 when taxes are filed next year.
State law requires officials to hand taxpayers a refund if reserves, excluding education, total more than 12.5 percent of the general funding pot.
The state had around $4billion in reserves – equating to 23 percent of its general fund.
Officials revealed in July that the refund would total $545.3million, but they weren’t sure how much taxpayers would receive, according to the Indianapolis Star.
Americans in the state will receive $125 next year following the surplus.
Indiana Governor Eric Holcomb said: “Despite a pandemic, Indiana exceed all expectations and closed the state fiscal year with an unprecedented amount in reserves.
“We have an obligation to put this money back into the hands of taxpayers instead of living it in the hands of (the) government.”
And, the state will work with around 910,000 low-income Americans that pay taxes but don't file returns.
Americans will get their check either via mail or direct deposit – depending on how they filed 2021 tax returns.
The last time Indiana residents received an automatic tax refund was in 2013.
It’s possible that future tax refunds could be automatically issued as state revenues exceeded targets by $644million between July and November.
Californians may also receive a cash boost in the new year as the state is estimated to have a $31billion surplus.
This means the state will get to allocate and spend more money in areas that will benefit taxpayers – leaving another round of stimulus checks possible.
Checks, between $600 and $1100, continue to be rolled out as part of Governor Gavin Newsom’s Golden Stimulus II package.
More than 800,000 stimulus checks are expected to have been mailed out by December 17.
And, some Californians whose zip codes end with the digits between 720-927 will have already been sent payments.
Checks will continue to be posted until December 31 and payments are expected to arrive no later than January 21.
Payments sent by mail can take up to three weeks to arrive at homes.
Newsom has committed to “substantially” boosting one-time investments in infrastructure.
He said: “How we framed that historic surplus last year, similarly, we will frame our approach this year.
“I’m very proud of the historic tax rebate last year, and I look forward to making the decision that I think is in the best interests of 40million Californians.”
Governor Janet Mills revealed last month that more than 500,000 Maine residents will receive a relief payment of $285.
Single taxpayers must earn less than $75,000 to qualify for the check. The threshold is less than $150,000 for joint filers.
Checks are expected to be sent in batches and arrive by December 31, according to AS.
And, St Louis residents will be able to apply for a $500 stimulus check from December 18.
To qualify, applicants must be at or below 80 percent of the city’s median income, which is under $50,000 for a household of one.
Prospective applicants must also prove that they lost income during the pandemic.
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