The year 2024 is almost over, and for many, the last few months can be tough financially. Fortunately, some states in the United States have programs to provide extra money for those who need it most.
While these programs are not available to everyone, they can offer relief to those facing financial difficulties, especially due to inflation.
Which States Offer Financial Aid in the USA?
In 2024, there are six states that provide financial assistance to eligible residents. These programs are targeted at helping vulnerable groups who have struggled due to rising costs of living. The following states are offering financial aid programs:
Alaska: Permanent Fund Dividend
Every year, Alaska shares its oil and gas revenue with its residents. This money is given to eligible people through the Alaska Permanent Fund Dividend.
While the exact amount varies each year, those who qualify will receive this payment unless they have unpaid fines. This program is one of the most well-known state-wide economic aids in the U.S.
California: Tax Refund Program
California started a tax refund program in 2023 for middle-class residents with an income under $75,000. Eligible individuals can receive $350, and if you have dependents, you can sign them up to get a refund too.
Many have already received this money, but some may still owe taxes and are waiting to receive their payments.
Idaho: Tax Refund Program
Idaho offers a simple tax refund program. Individuals who file taxes alone can receive $300, and married couples filing jointly will get $600. This refund is designed to give some financial relief to residents who have already filed their taxes.
Rhode Island: Dependent Refund
In Rhode Island, every dependent can receive a tax refund of up to $250. This refund is available for up to three years. If you live in Rhode Island and have children, this program may be able to provide some additional financial help. The payments were scheduled to be completed by October 2024.
South Carolina: Stimulus Checks
South Carolina is sending direct payments to residents as part of a stimulus program. The state’s budget is $1 billion, and each eligible resident could receive up to $800. This is a helpful way for South Carolina to give back to its citizens and provide extra money to those who need it most.
Virginia: Direct Payments
In Virginia, individuals who filed only one tax return are eligible for up to $250 in direct payments. Couples who file jointly can receive up to $500. All checks were expected to be sent out by the end of October 2024.
These financial aid programs are a much-needed relief for people facing financial difficulties. If you live in one of these states, make sure to check whether you are eligible for these benefits.
Each program has its own requirements, so it’s important to follow the necessary steps to claim the financial aid available in your state.
What states offer financial aid in 2024?
Six states—Alaska, California, Idaho, Rhode Island, South Carolina, and Virginia—are offering various forms of financial assistance to eligible residents in 2024.
How do I qualify for the Alaska Permanent Fund Dividend?
To qualify for the Alaska Permanent Fund, you must be a resident of Alaska and meet certain criteria, including not having any unpaid fines.
How much money can I get from California’s tax refund program?
If you earn less than $75,000, you can receive $350 from California’s tax refund program. You can also claim refunds for dependents.
How do I get the $300 or $600 tax refund in Idaho?
Idaho offers a refund of $300 for single filers and $600 for couples who file jointly. You need to have filed taxes to receive this payment.
When will I receive my payment from South Carolina?
South Carolina residents could receive up to $800 in direct payments. Payments should have been issued by the end of 2024, depending on eligibility.
