Does your state offer paychecks, incentives or hero discounts?

Americans in some parts of the country are getting extra cash to help offset still-boiling inflation, with at least 21 states and one city offering financial relief to residents struggling with higher food, gas and rent.

Although consumer prices cooled slightly in July, they still rose 8.5% last month from a year ago, close to a four-decade high and more than quadrupling the Federal Reserve’s 2% target. Here’s what mayors, governors and state lawmakers are offering to help taxpayers in their cities and states.

Alaska

Alaskans can expect payments of $3,200 per person to begin hitting bank accounts on Sept. 20, 2022, with the payment including $650 to offset higher fuel costs, according to the state. announced last month.

California

The state’s $308 billion budget includes $9.5 billion in direct reimbursements to up to 1.05 million to 23 million residents, according to the governor’s office. announced at the end of June (see here for eligibility information.)

Colorado

Coloradans age 18 and older who lived in the state for all of 2021 have tax credits of $750 for individuals and $1,500 for joint filers before September 30, 2022, seconds to the Department of State Finance.

Connecticut

An estimated 300,000 to 350,000 low- and middle-income families are eligible for a one-time tax break of $250 per child in Connecticut, and checks are expected to be sent. end of August.

Delaware

Relief payments of $300 to offset higher grocery and fuel prices are being issued this summer to residents who filed their 2021 state tax returns on time. seconds to the Delaware Department of Finance.

Florida

State officials to say about 59,000 families should receive checks for $450 per child, as long as they meet the eligibility criteria by July 1.

Georgia

Refunds of up to $500 are being sent to taxpayers who filed their returns before the April 18 deadline due to a state revenue surplus. seconds to the state revenue department.

Hawaii

Checks of up to $300 will be issued in late August, with reimbursement amounts based on income, tax filing status and exemptions. he says Hawaii Department of Revenue.

Idaho

Individuals who lived in Idaho in 2020 and 2021 are eligible for tax credits of $75 or 12% of their 2020 state taxes. seconds to the Idaho State Tax Commission.

Illinois

That of the state family relief plan includes suspending a 1 percent sales tax on groceries until next June, a brief reduction in sales taxes for back-to-school purchases, and a state tax freeze on fuels for six months. Illinois also sends rebates of $50 to residents who make less than $200,000 a year and an additional $100 for up to three eligible dependents. State revenue officials to say checks will begin to be sent in September.

So is Chicago holding on monthly lotteries through September in issuing 50,000 prepaid $150 gas cards and 100,000 prepaid $50 transit cards to those earning no more than $73,000 a year.

Indiana

Indiana residents who filed their 2020 and 2021 tax returns must pay a total of $325 by direct deposit or check. State officials too warn against potential scams via text messages, emails or calls related to refunds.

Maine

Single people in Maine are entitled to $850 and couples $1,700, as long as they earn less than $100,000 or $150,000, respectively. seconds to the State Fiscal Services Agency.

Maryland

Maryland offers up to $2,000 help low-income households with water billswith applications accepted on a first-come, first-served basis.

Massachusetts

Massachusetts residents they are likely to get a share of about $2.5 billion in surplus cash collected by the state, and individuals are expected to receive a refund equal to 7 percent of their 2021 state income tax payment.

Minnesota

About 667,000 frontline workers could receive $750 bonus checks in the coming weeks thanks to a law setting aside $500 million for those who stayed at work during the pandemic. Almost 18% of applicants were denied and those who passed will get one email informing them Thursday.

New Jersey

About 800,000 parents are eligible for $500 rebate checks under the New Jersey budget passed in June. It also provides relief to 1.1 million homeowners and 900,000 renters, although details still under construction.

New Mexico

Taxpayers making less than $75,000 a year could get up to $750 in combined state rebates to help residents “cope with the rising price of gas, groceries and other household expenses,” according to officials. to say.

Oregon

Oregon used federal pandemic aid to send $600 payments to more than 236,000 low-income households, with direct deposits made or checks mailed between June 23 and July 1, 2022. seconds to state officials.

South Carolina

Residents who file their tax returns by October 17, 2022 can expect rebates of up to $800, with checks expected to be issued in November and December. to say South Carolina Revenue Officers.

Vermont

The measure signed in late May, it gives families a $1,000 tax credit for each child six or younger. Half of the subscription will be paid monthly, and the balance will be paid when the beneficiaries submit their annual statement. The amount people get is reduced by $20 for every $1,000 of family income above $125,000, so a family with an annual income of $130,000 would get a $900 tax credit.

virginia

Residents who owe taxes for 2021 are eligible for up to $500, as long as they file their last year’s tax returns by November 1. notes the Virginia Department of Revenue.

Trending news

[ad_2]

Source link

You May Also Like

About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!