![]() Tim Walz has proposed sending $500 in “Walz checks” to state residents ($1,000 for couples) earning less than a certain amount. Minnesota: Frontline workers who were eligible for about $487 in extra pay were notified by Oct. Indiana: State residents were eligible for two taxpayer refunds totaling about $325 for individuals and $650 for those filing jointly by Nov. The state tax commission expects to send about 800,000 rebates totaling up to $500 million by the end of March 2023. Idaho: A rebate of $300 for individuals and $600 for joint filers (or 10% of the taxpayers 2020 income taxes, whichever is greater) is scheduled to go out to Idaho taxpayers, in the order their tax returns were received. New Mexico: Residents were eligible for two rebates this summer: $250 for individuals and $500 for joint filers under certain income thresholds and another rebate of $1,00 for joint filers and heads of households, and $500 for individuals. The checks are expected to be issued before the end of the year. South Carolina: Lawmakers approved a tax rebate in June that will bring up to $800 back to taxpayers who file by Oct. Maine: Relief checks of $850 are being sent to an estimated 858,000 Mainers under certain income thresholds on a rolling basis, beginning in June. Virginia: Taxpayers will receive up to $250 for individuals and $500 for joint filers with rebate checks expected to be issued by Oct. Debit cards with the funds will be delivered between Oct. The payments will be distributed between Oct. Here’s a rundown of state relief funding and when the cash injection is expected to reach consumers:Ĭalifornia: Payments will range from $400 to $1,050 for couples filing jointly and $200 to $700 for individuals, depending on their income and claimed dependents. In a recent survey, RMS found 45% of consumers said they are eating out less and a growing number say they are choosing less expensive options or more value-focused restaurants.īut a “little cushion” in the form of a relief check could change perception to encourage restaurant spending, Delvalle said in an email. Now consumers are facing rising costs from the grocery store to the gas pump. Of course, the economic climate has changed dramatically since the end of 2020, notes Richard Delvalle, RMS’ senior vice president of consulting. One QSR client saw sales increase nearly 13% for the first week in January, with traffic up 8.7%, as a direct result. Last year, the restaurant industry saw an immediate boost when the first round of stimulus checks began hitting Americans’ bank accounts.Īfter the first round of stimulus checks went out in December 2020, consulting firm Revenue Management Solutions (RMS) saw a potential sales lift ranging from about 3% to 12%. Restaurants, however, are expected to benefit from that financial bonus- in particular, QSR brands. While the goal is to offer support to Americans struggling with inflation and higher interest rates, some economists contend that handing out cash can make matters worse by contributing to higher prices. The American Rescue Plan provides $350 billion in emergency funding for eligible state, local, territorial, and Tribal governments to respond to the COVID-19 emergency and bring back jobs.Taxpayers either already have, or will soon, receive relief payments ranging from $400 to $1,700 in Georgia, Colorado, Delaware, Illinois, Indiana, Idaho, Minnesota, Maine, New Mexico and South Carolina. ![]() The American Rescue Plan provides nearly $10 billion for states, territories, and Tribes to provide relief for our country’s most vulnerable homeowners.Ĭoronavirus State and Local Fiscal Recovery Funds Payments from the third round continue to go out to Americans across the country. ![]() The Treasury Department, the Office of Fiscal Service, and the Internal Revenue Service (IRS) provided three rounds of fast and direct relief payments during the various phases of the COVID-19 crisis. Read about the impact of the first six months of the American Rescue Plan programs in the impact report. In total, the Treasury Department is responsible for managing over $1 trillion in American Rescue Plan programs and tax credits. View a complete list of available self-service resources. The Office of Recovery Programs is providing self-resources to assist recipients of awards from its programs with questions about reporting, technical issues, eligible uses of funds, or other items. Office of Recovery Programs Self-Service Resources ![]()
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