The coronavirus relief checks being deposited in millions of bank accounts across the country are supposed to give Americans a cash infusion to cope during the COVID-19 pandemic. Residents of certain states will get more out of that money than others, according to a new report.
Mississippi, New Mexico and Louisiana are among the states with the highest estimated payout per qualifying family – checks range from $2,659 to $2,543, according to an analysis by the home data tracker Ownerly. Massachusetts, New Hampshire and Maryland have the lowest payouts, ranging from $1,897 to $1,918. Ownerly estimated the average check amounts using data from the U.S. Census Bureau.
To figure out how far those checks will stretch, Ownerly factored in the cost, by state, of average monthly bills, including rent, utilities, pay television and mobile phone.
Generally, how much Americans will get depends on their adjusted gross income as reflected on their 2018 or 2019 tax return.
Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment.
The maximum is $1,200 for an adult – $2,400 for a married couple – and $500 for children under age 17.
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States where relief checks will stretch most
4. West Virginia
5. South Dakota
8. New Mexico
States where checks will stretch least
4. New York
5. New Jersey
8. New Hampshire
Follow Coral Murphy on Twitter @CoralMerfi