Despite widespread calls, the federal government did not authorize a fourth stimulus check on a nationwide scale in 2022, despite rising inflation.
Most of the state stimulus payments allowed last year have already been distributed, which means that most people will not be eligible for additional state monies from the 2022 measures that were passed.
Stimulus Check 2023
Is it possible, however, that states will adopt additional laws providing additional monies in 2023? What you need to know to answer the question is as follows.
Although the federal government is unlikely to offer a fourth stimulus check this year due to a split House and the conclusion of the COVID-19 state of emergency in May, states are more likely to act.
There’s a simple explanation for this. Many states are currently running substantial budget surpluses. This is due to both unspent COVID-19 relief money from the federal government and a jump in state tax collections as a result of inflation that has happened in recent months.
Legislators wanting to bolster constituent support may determine that another stimulus payment is necessary and may thus move forward with new laws in 2023 that result in more money being provided. This is especially likely if inflation persists or if the country enters a recession and citizens require additional assistance that states believe they can provide with their excess funds.
Read more: Extended Medicaid coverage for children, postpartum women: Who will be eligible for for aid?
Will States Issue More Stimulus Checks?
At this moment, it is impossible to predict which states will elect to use their budget surplus funds to deposit money into residents’ bank accounts.
Nevertheless, as the legislative season progresses, it will be critical to monitor local news to determine whether additional payments are on the way.
States are far more likely than the federal government to act on stimulus relief, so anyone hoping for more money this year should pay close attention to what their local lawmakers do – and perhaps even consider contacting their representatives to voice support for another check if they believe one is necessary.