Well, yes, the first week of September brings good news for some Americans who will receive important stimulus checks. And as always, we will tell you in advance so that you don’t miss yours.
These are different types of payments with the specific objective of alleviating the rising costs of living in the United States and supporting family economies in a time of economic challenges.
Although in the United States they are still called stimulus checks, they are actually state initiatives that seek to correct asymmetries and put money in the hands of those who need it most.
And it’s a good thing that many of those payments are coming now. As fall and winter arrive, spending typically increases, making these checks even more eagerly awaited. Stimulus measures have proven essential to boosting consumption and maintaining economic activity in the country.
Who will receive the stimulus check?
Of course, these payments don’t just help families meet everyday costs. They also strengthen the local economy by encouraging spending and investment. Economic stimulus initiatives can include tax cuts, direct payments to citizens, and other actions to inject money into the economy.
In September, two states in particular have activated specific stimulus check programs for their residents. These will arrive in the first week of September.
Permanent Fund Dividends
Alaska residents will receive checks from the Permanent Fund Dividend (PFD) plan beginning Sept. 12. This program allocates a portion of the state’s natural resource revenues to its citizens. For 2024, the value of the PFD is $1,312. Residents must have lived in Alaska for at least one year to be eligible.
New York
In New York, the STAR program provides tax relief to taxpayers related to school taxes. Residents can opt for a basic or enhanced credit, which is reflected on their tax bills. In 2023, the basic credit was $778 and the enhanced credit was $1,407, offering significant relief to families in the state.
These stimulus checks in Alaska and New York are a crucial support for residents amid inflation and high living costs.
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