Florida Governor Ron DeSantis said last week that low-income families in the state will get checks worth $450 per kid to minimize the impact of decades-high inflation on household budgets.
State-specific stimulus packages vary but often include one-time payments, tax credits, refunds, and gas tax exemptions. Inflation rose 9.1 percent in June compared to the same month last year, continuing a pricey trend that has been difficult on households over the last year.
Many states, including Florida, are using the remaining funds from federal COVID-19 aid packages to support economic stimulus activities. Because the initiatives are typically included in state budget plans, residents may have to wait a few months for relief.
The US Labor Department revealed earlier this month that the consumer price index (CPI) increased 9.1 percent in June compared to the same month in 2021. From June 2021 to 2022, the CPI for food climbed by 10.4 percent, while the CPI for gasoline soared by 70.4 percent.
States Sending Inflation Relief Payments
According to Lake Country Florida News, despite rising commodity prices, the Biden administration has yet to announce plans for another round of stimulus payments. This has prompted states to establish programs to provide inhabitants with cash to help them cope with inflation. The following are the 18 states that have announced their respective relief payment programs:
California
Governor Gavin Newsom said last month that qualifying California households will get relief cheques valued at up to $1,050. Payment amounts vary according to filing status and income. Filers receive one extra payment if they have at least one dependent, but they do not receive further funds for each new dependant. A single parent earning less than $75,000, for example, would receive $700 regardless of whether they have one child or three.
Colorado
Individual taxpayers in Colorado will receive a $750 rebate, while joint filers will receive a $1,500 reimbursement. According to Gov. Jared Polis' office, people who submitted a state tax return should anticipate payouts by September 30, 2022, while those who sought an extension will receive the refund by Jan. 31, 2023.
Delaware
In May of this year, Delaware began giving $300 relief payments to each adult inhabitant. It will continue to deliver payments to adults who submitted 2021 state tax filings, as well as additional people who may not have filed returns, as identified by state authorities, during the summer. Residents can check the status of their payments here.
Florida
Approximately 60,000 low-income families, including foster and adoptive children, would receive one-time payments totaling $450 per qualified kid. According to the Florida Department of Children and Families, the checks have already been mailed.
Georgia
In May, Georgia began paying out one-time relief payments of up to $250 to single taxpayers, $500 to joint filers, and $375 to head-of-household filers.
Hawaii
At the end of June, Hawaii Gov. David Ige signed a tax refund into law. Taxpayers earning less than $100,000 per year ($200,000 for married couples filing jointly) will get $300, while those earning more would receive $100. The refunds are likely to be distributed beginning in late August.
Idaho
Idaho Gov. Brad Little authorized legislation in February to provide tax reimbursements of $75 per taxpayer and each dependant, or 12% of their 2020 taxes, whichever is larger.
Illinois
J.B. Pritzker, the governor of Illinois, has signed legislation aimed at assisting families. These include a $50 tax credit for all people earning less than $200,000 in 2021, as well as a $100 payment for couples earning less than $400,000. Taxpayers will additionally get $100 for each dependant, up to a maximum of three dependents.
Indiana
After filing their 2021 tax returns, Indiana citizens will get $125 apiece. Those who earn too little to file a tax return are also eligible for the benefits. Indiana Gov. Eric Holcomb has also requested a second payment of $225 per taxpayer. The state legislature has yet to ratify this.
Maine
In June, qualifying Maine residents began receiving one-time refunds totaling $850. According to Gov. Janet Mills, the typical Maine household should have earned $1,700. Those who have not received a payment have until October 31, 2022, to file their Maine individual income tax return to get one.
Massachusetts
This year, the Massachusetts legislature made many cash payouts to low-income vital employees, including one for $500. More broad assistance is possible: the Massachusetts Senate authorized payments of $250 to individual taxpayers earning between $38,000 and $100,000, and $500 to married couples earning up to $150,000, last week. As per Mass Live, if this plan is resolved with the state House chamber and signed by Gov. Charlie Baker, homeowners should anticipate payouts by the end of September.
New Jersey
Residents of New Jersey who have at least one qualified dependant have begun to receive refund cheques of up to $500. The refunds are being distributed through paper checks. Some homeowners and renters may also be eligible for a tax credit next year.
New Mexico
Qualifying New Mexicans will get a refundable child tax credit of up to $175 per child, as well as a one-time, refundable income tax rebate of $250 for single filers and $500 for married couples filing jointly. As reported by KOAT, the refunds began to be given in June.
Oregon
According to the state government, hundreds of thousands of low-income Oregonians got a one-time payment of $600 between June 23 and July 11.
South Carolina
South Carolina taxpayers will get up to $800 in refunds before the end of the year. The amount of their reimbursement will be determined by their specific tax situation. A rebate will not be given to the estimated 44 percent of South Carolina filers who do not pay state income tax.
Virginia
Virginia citizens who qualify will receive a one-time payment of $250 for individuals and $500 for couples. Those who filed their state tax returns on time should receive their reimbursement this autumn.
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Other Stimulus Checks
Legislators in various states that are not listed above have suggested one-time payments or other steps to assist families in dealing with escalating costs, but these have yet to be enacted into law. Kansas Gov. Laura Kelly, for example, has suggested giving all Kansas citizens who filed a 2020 tax return a one-time $250 tax reimbursement ($500 for couple filers). Democrats in North Carolina want to send $200 to qualified drivers.
In addition, some states, including Connecticut, Georgia, and Maryland, have implemented gas tax holidays to assist keep gas prices down. Despite President Joe Biden's request for one at the federal level, none has emerged.
Others have adopted or extended their Child Tax Credit in the aftermath of the federal government's failure to renew the enhanced version. Vermont, for example, will issue child tax credit checks worth $1,000 per kid to most families with children 5 and younger, while Connecticut will give a one-time tax rebate worth up to $250 per child, with a ceiling of $750 for three children. Homeowners in Pennsylvania and New York are receiving tax breaks, Fortune reported.
Related Article : Stimulus Check 2022: Which States Provide Money for Residents Until the End of the Year?
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