What new financial aid is being granted and which states offer it

What new financial aid is being granted and which states offer it

In the USA, stimulus checks continue to be sent to combat inflation. We share with you what new financial aid is being granted and in which states.

Various entities in the United States have been giving money back to residents in the form of stimulus checks or supplemental tax refunds to help combat high rates of inflation. According to the Department of Labor, in July, the year-on-year rate stood at 8.5%.

While many states issued their payments earlier in the year, others are continuing to send payments now.

What new financial aid is being granted and which states offer it

California

Governor Gavin Newsom and state lawmakers have agreed to send millions of Californians inflation relief checks of up to $1,050 for a married couple with at least one child. The amount people receive is based on their income, tax filing status, and household size. The first payments will be made in October.

Colorado

State residents who filed their 2021 return by June 30 will receive a check for $750 in September ($1,500 for couples).

Delaware

Governor John Carney signed a bill in April approving $300 stimulus checks for residents who filed their 2020 tax returns.

Florida

Nearly 60,000 Florida families will receive one-time payments of $450 per child. To qualify, families must receive Temporary Assistance for Needy Families (also known as welfare), be a relative or non-relative foster parent or caregiver, or participate in the Guardianship Assistance Program.

Georgia

Governor Brian Kemp signed a bill in March authorizing refunds of $250, $375 or $500 to taxpayers who filed their state returns for 2020 and 2021.

hawaii

Residents who filed their tax return for tax year 2021 may be eligible for one- time payments from $100 to $300. Payments could begin to be mailed in late August.

Idaho

Gov. Brad Little signed a bill in February giving each taxpayer and dependent $75, or 12% of their 2020 state income tax return, whichever is greater.

Illinois

Illinois’ relief package includes income and property tax refunds and a temporary cut in various sales taxes. Rebates range from $50 to $400.

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Indiana

Beginning in May, payments of $125 began going out to all residents, regardless of income, as a result of Indiana’s automatic tax refund law.

Maine

Maine taxpayers who have filed their 2021 state tax returns and have an adjusted gross income of less than $100,000 are eligible for a direct relief payment of $850 ($1,700 for couples).

Massachusetts

The Massachusetts State Legislature is working to provide tax refunds of $250 to eligible individual taxpayers and $500 to married couples.

Minnesota

Certain Minnesota frontline workers will receive a one -time payment of $750.

New Jersey

In June, Governor Murphy announced a plan to provide more than $2 billion in rebates to approximately 2 million New Jersey households. The plan would offer up to $1,500 to families who pay property taxes.

New Mexico

The state is issuing a refundable income tax refund to all taxpayers: $500 for single filers and $1,000 for joint filers, heads of households, and surviving spouses. The payments have been divided into two parts: the first check went out in June and the second will go out in August.

New York

In June, about 3 million New York State homeowners began receiving property tax refunds of up to $1,050.

Pennsylvania

In July, more than 260,000 homeowners, renters and seniors with disabilities began receiving part of a $650 payment through the Rent/Property Tax Refund Program.

South Carolina

Income tax refund checks from $100 to $800 will be mailed to South Carolina taxpayers beginning in late November or December.

Virginia

Virginians will receive one-time checks beginning in late September. Single filers will get $250, while married couples will get $500.

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