At least 21 states and one city are providing financial relief to residents who are struggling to make ends meet in the face of rising prices for food, gas, and rent.
Residents in some parts of the country are receiving additional cash to help offset still-blistering inflation.
Even though consumer prices decreased marginally in July, they still increased 8.5% from the previous year, which is close to a four-decade high and more than quadruple the goal rate of inflation set by the Federal Reserve, which is 2%.
The following is a list of the assistance that various mayors, governors, and state legislatures are extending to taxpayers in their respective cities and states.
According to an announcement made by the state of Alaska earlier this month, residents of the state can anticipate receiving payouts of $3,200 per person beginning on September 20, 2022. These payouts will include $650 which is intended to offset higher fuel costs.
California
At the end of June, the office of the governor stated that the state’s $308 billion budget will contain a total of $9.5 billion in direct refunds of up to $1,050 per 23 million individuals (See here for eligibility information.)
Colorado
According to the Department of Revenue of the state of Colorado, Coloradans who are 18 years old or older and who lived in the state for the entirety of 2021 are eligible to receive tax rebates of $750 for individuals and $1,500 for joint filers by September 30, 2022.
Connecticut
In the state of Connecticut, there are an estimated 300,000 to 350,000 low- and middle-income families that are eligible for one-time tax rebates of $250 per child. Checks are expected to be mailed out toward the end of August.
According to the Delaware Department of Finance, residents of Delaware who timely filed their tax returns for the state of Delaware in 2021 will receive Delaware Relief $300 payments this summer.
These payments are intended to help residents offset the higher prices of fuel and groceries.
The officials at Florida State indicate that around 59,000 families should get payments totalling $450 for each child, given that they fulfilled the requirements to be eligible by the 1st of July.
Georgia
As a result of a surplus in state revenue, the state’s revenue agency has announced that refund checks of up to $500 are being sent to taxpayers who met the April 18 deadline for submitting their tax forms.
According to the Department of Taxation of Hawaii, refund checks for up to $300 will be mailed out toward the end of August. The amount of the refunds will vary depending on the taxpayer’s income, tax filing status, and exemptions.
Idaho
According to the Idaho State Tax Commission, residents of Idaho in the years 2020 and 2021 who paid state taxes in 2020 are eligible for tax rebates of either $75 or 12% of the amount of state taxes they paid in 2020.
Illinois
The state’s proposal to help families in need includes a temporary reduction in sales taxes for back-to-school shopping, a freeze on the state’s motor fuel tax for the next six months, and the suspension of a one per cent sales tax on groceries until June of next year.
Residents of Illinois who make less than $200,000 per year are eligible to receive a rebate of $50, and up to three eligible dependents can get an additional rebate of $100 each.
Officials from the state revenue department have stated that the cheques will begin to be mailed in September.
Those who live in Chicago and make an annual income of $73,000 or less are eligible to participate in monthly lotteries that will continue through September.
The winners will receive one of 50,000 prepaid $150 gas cards or one of 100,000 prepaid $50 transit cards.
Residents of Indiana who have submitted their tax returns for the years 2020 and 2021 will be owed a total of $325, which can be received as a direct deposit or by cheque.
In addition, state officials are warning residents to be wary of potential frauds involving reimbursements that may come in the form of texts, emails, or phone calls.
Maine
According to the revenue services office of the state of Maine, single filers in the state are eligible for $850 and couples filing jointly are entitled to $1,700 if their combined annual income is less than $100,000 or $150,000, respectively.
To assist low-income households in paying their water bills, the state of Maryland is providing financial assistance of up to $2,000, with applications being accepted on a first-come, first-served basis.
Massachusetts
It is anticipated that residents of Massachusetts will receive a tax refund that is proportional to seven per cent of the amount of state income tax that they will be required to pay in 2021 as a result of a surplus of around $2.5 billion in cash that was collected by the state.
Minnesota
Because of a statute that set aside $500 million for employees who remained on the job throughout the pandemic, about 667,000 front-line workers are eligible to receive $750 bonus checks in the coming weeks.
A little less than 18% of the applications were not accepted, and those who have been accepted will be notified through email on Thursday.
The State of New Jersey
Under the terms of the New Jersey budget that was passed in June, about 800,000 parents are qualified to receive a $500 check.
Additionally, it offers assistance to 1.1 million homeowners and 900,000 renters, even though the details are still being worked out.
Residents of New Mexico who make less than $75,000 per year could be eligible for combined state rebates of up to $750.
The purpose of these rebates is to assist residents in “coping with the rising price of gas, groceries, and other household expenses,” according to officials.
Oregon
According to the officials of the state of Oregon, the state made use of the federal pandemic aid to send payments of $600 to more than 236,000 low-income households between June 23 and July 1, 2022.
These payments were either made through direct deposits or through the mailing of checks.
South Carolina (Scotland)
South Carolina’s revenue officials have stated that residents who file their tax returns by the 17th of October in the year 2022 are eligible for rebates of up to $800, with the checks for these rebates scheduled to be sent in November and December.
Vermont
A tax credit of one thousand dollars per child under the age of six was included in the legislation that was passed at the end of May and signed into law.
The beneficiary will get one-half of the credit every month, and the remaining balance will be reimbursed when the recipient files their annual tax return.
The amount that individuals receive is reduced by $20 for every $1,000 of household income that is greater than $125,000; hence, a family with annual earnings of $130,000 would receive a tax credit of $900.
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According to the information provided by the Virginia Department of Taxation, residents of Virginia who have a tax liability for 2021 and who have filed their tax returns for the prior year by November 1 are eligible for a tax credit of up to $500.
