WOW! States Are Sending Extra Checks To Residents 2022/2023

WOW! States Are Sending Extra Checks To Residents 2022/2023
Although plans of additional stimulus funds to help American households during the pandemic have fallen flat in Congress, eight states are providing additional financial help to those who need it most. This help comes in various forms, from gas cards to dull the sting of high fuel costs to tax credits, tax rebates, and cash payments. Fatherly recently reported on the various programs that states are implementing to help residents. Many of the programs have no income caps to qualify, which means every resident in the state can take advantage of the extra money. In an effort to combat gas prices — which have risen 43.6% in the past year according to the recent Consumer Price Index report issued by the U.S. Bureau of Labor Statistics — California Governor Gavin Newsom proposed issuing debit cards to drivers, pre-loaded with $400 to be used for gas. Households could receive one gas card per car, with a limit of two cards per household, Kelley Blue Book reported. If the legislation passes, the cards would be issued in July. Georgia residents could receive a tax rebate for their 2020 and 2021 tax returns thanks to a tax surplus within the state. Single filers and those who are married, filing separately, will receive $250; heads-of-household will get $375, and married couples, filing jointly, should see $500 deposited into their accounts from the state (or added to their tax refund for the year).

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Disclaimer: this video is for educational and entertainment purposes only and is not meant to be a substitute for legal, accounting, tax, or professional advice. If you have any specific questions about any legal, accounting, tax or other professional service matter you should consult the appropriate professional services provider.

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