To Combat Inflation, Several States Give out Stimulus Payments

To Combat Inflation, Several States Give out Stimulus Payments

To describe these payments as “tax rebate checks” is a misnomer because the states that are able to do so are able to do so because of an excess in their budgets.

It’s important to note that because the checks for this round of stimulus spending are coming from state governments rather than the federal government, they won’t be distributed as widely as they were in previous rounds.

As of July, these states had either received stimulus funds or passed legislation

Gov. Brian Kemp signed a bill into law allowing Georgians to receive more than $2 billion in payments.

To Combat Inflation, Several States Give out Stimulus Payments

Nearly 900,000 people in Maine received $850 relief checks for their adjusted gross income of less than $100,000 if filing single or married and filing separately, $150,000 if filing as head of household, or $200,000 for couples filing jointly.

Related: Who Will Receive a Stimulus Payment in 2022? Which States Are Making Financial Contributions?

California:

According to the budget deal that Governor Gavin Newsom signed, 23 million Californians will receive up to $1,050 in Inflation Relief checks in the coming year. According to your household size and income, most Californians will receive anywhere from $200 to up to $1,050 in tax relief.

Taxpayers in Colorado will receive about $750 for single filers and $1,500 for joint filers in the form of rebates. There will also be inflation relief checks sent out by the states of New York and Virginia as well as Hawaii and Idaho as well as Illinois and Indiana.

For more updates, keep reading – pelhamplus.com

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