*It’s that time of the year for taxpayers. Tax season is here and the government wants theirs. But for some people, good news exists via direct payments provided by three key stimulus programs.
Although most payments ware scheduled for scheduled for February, Explícame reports that unexpected delays could result in checks coming in March 2025.
As inflation making life difficult for many folks and no sign of prices getting lower anytime soon, not to mention the reality of unemployment for folks without a job to help keep the lights on and food on the table, the stimulus checks could not come at a better time.
The site recommends that the public stay updated on eligibility criteria, payment schedules, and any IRS or state agency announcements for useful information that will help in planning the best way to use finances.
With that in mind, here is a breakdown of the three stimulus programs that could benefit eligible, courtesy of Explícame:
Scroll to continue reading
Sacramento Family First: $725 Monthly Stimulus Checks
As an example, in Sacramento, California, low-income families will receive a monthly stimulus check of $725 as part of the Sacramento Family First program. Running from December 2024 to November 2025, this initiative aims to assist families struggling with high living costs.
To qualify, applicants must:
Earn below 200% of the federal poverty level
Reside in specific Sacramento zip codes
Have at least one child under five years old
While these payments are scheduled to be distributed monthly, processing issues could cause delays, potentially pushing some payments into March 2025.
New York Tax Refunds: Up to $500 for Eligible Taxpayers
Residents of New York will benefit from a new tax refund program funded by sales tax revenue.
These one-time refunds, ranging from $300 to $500, are set for distribution in February 2025, with 8.6 million taxpayers expected to qualify.
Eligibility requirements include:
Single filers, heads of households, or married filing separately with incomes up to $150,000
Married couples filing jointly with incomes not exceeding $300,000
However, tax refund processing delays may push some payments into March 2025.
Alaska Permanent Fund Dividend: $1,702 for Residents
Alaska continues its long-standing tradition of distributing the Permanent Fund Dividend (PFD), a payment derived from the state’s natural resource revenues.
In February 2025, each eligible Alaskan will receive $1,702, providing essential financial support for expenses like housing, transportation, and utilities.
Key details:
The application deadline is March 31, 2025
Residents must meet state eligibility criteria to qualify
While payments are scheduled for February, potential administrative delays could mean some Alaskans won’t receive their funds until March 2025.
MORE NEWS ON EURWEB: IRS Sending ‘Special’ Stimulus Checks to 1 Million Americans
Sign up for our Free newsletter HERE.
