Nonequilibrium steady states (NESSs) in periodically driven dissipative quantum systems are vital in Floquet engineering. Here, for high-frequency drives with Lindblad-type dissipation, we develop a general theory to characterize and analyze NESSs based on the high-frequency (HF) expansion without numerically solving the time evolution. This theory shows that NESSs can deviate from the Floquet-Gibbs state depending on the dissipation type. We show the validity and usefulness of the HF-expansion approach in concrete models for a diamond nitrogen-vacancy (NV) center, a kicked open XY spin chain with topological phase transition under boundary dissipation, and the Heisenberg spin chain in a circularly-polarized magnetic field under bulk dissipation. In particular, for the isotropic Heisenberg chain, we propose the dissipation-assisted terahertz (THz) inverse Faraday effect in quantum magnets. Our theoretical framework applies to various time-periodic Lindblad equations that are currently under active research.
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