In recent days, Arizona’s residents have been made aware of an upcoming Stimulus Check financial boost from the state government: a potential stimulus check that could reach up to $750. The state has introduced this measure as part of the “Arizona Family Tax Refund” program, an endeavor crafted to support and uplift more than 700,000 households in the region.
The buzz surrounding this financial initiative had been circulating for a while. However, it was only last week that the proposal was green-lighted, with state officials giving it their unanimous nod of approval. It’s noteworthy to mention that the financial reservoir fueling this drive is a substantial surplus that exceeds $2 billion.
Distribution Details and Timeline for Arizona’s Stimulus Checks
However, the stimulus plan comes with a catch. Families can stake a claim for a maximum of only three dependents. This sets the ceiling at $750 for families with three dependents below 17 years of age. Those with dependents who are older will see a capped amount of $300. The criteria determining the stimulus amount each family receives will be multifaceted, with considerations given to both the family’s annual income and the total number of members. The distribution structure can be delineated as:
- Families catering to dependents who are younger than 17 stand to gain $250 for each qualifying child.
- On the other hand, households with dependents who’ve crossed the age of 17 can anticipate a top-up of $100 for every eligible member.
For those eyeing this financial reprieve, there’s an approaching deadline: all pertinent documentation must be lodged by November 17th, 2023. Following this, the Arizona Fiscal Department will embark on a meticulous review process, sifting through the documents. After verifying eligibility, the department will orchestrate the distribution of the stimulus checks.
An added perk awaits those who are ahead of the curve with their tax filings. If all paperwork is in order early on, these individuals might see their stimulus check, potentially amounting to $750, as soon as October 30th. That said, the broader timeline suggests that the lion’s share of beneficiaries will likely have their checks in hand come 2024.
But who exactly qualifies for this stimulus check?
The foremost criterion is residency. Applicants need to have lived in Arizona throughout the fiscal year they’re referencing, and any dependents they’re claiming should also be Arizona residents for that duration. Secondly, those applying must be focusing on the fiscal year 2021, and this specification should be evident in the submitted tax return. And lastly, it’s imperative that applicants are clear of any tax arrears from the years 2019 through 2021.