ELEVEN states, including California and Georgia, plan to offer up to $850 in rebates benefiting millions of Americans.
Inflation soared 7.9 percent last year – the sharpest rise since 1982 – amid rising costs for gas, food and housing.
State legislators across the country are introducing a variety of relief measures to help offset the impact on American families.
Maine Gov. Janet Mills wants to send residents a check for $850.
She said the average person will spend $560 more this year compared to last year due to inflation.
The aid payments have yet to be approved, but the first checks could be sent out in June, according to WGME.
Some state officials want checks mailed by direct deposit, but chiefs of Maine Revenue Services estimate they have accurate banking information for fewer than half of the 800,000 people expected to be eligible for the relief.
Georgia Gov. Brian Kemp signed legislation Wednesday giving Americans in the Peach State up to $500.
Residents will receive the refund once they file an individual income tax return for the 2021 tax year, according to the governor’s office.
Single taxpayers get a $250 payment, heads of household get $375, and married taxpayers get a $500 check.
Officials say taxpayers who have already filed their tax returns won’t have to adjust them.
Refunds will be credited either by direct deposit or check, per the Georgia Department of Revenue.
Gov. Kemp said: “If the government takes in more than it needs, I think those dollars should be returned to the taxpayer because that’s your money – not the government’s.”
“In Georgia, we are taking swift action to mitigate the effects of the disastrous federal government policies that have led to record-high inflation over the past year by putting taxpayers’ money back into the pockets of hard-working Georgians.”
Gov. Gavin Newsom has proposed an $11 billion package to help struggling Americans.
Californians could get $400 for every registered vehicle they own – limited to two cars.
The aid payments are expected to total around US$9 billion.
Newsom said, “This direct relief will address the problem we’re all struggling with — and that’s the problem of gas prices.”
Americans could get debit cards with the amount as early as July if lawmakers approve the package.
Indiana residents are set to receive a $125 stimulus, but only after they file their 2021 tax returns.
State law requires officials to give taxpayers a refund if savings, excluding education, exceed 12.5 percent of the general budget.
The state has about $4 billion in reserves, which is 23 percent of its general fund, so taxpayers will see payments coming in by direct deposit or check.
Gov. Eric Holcomb said, “Despite a pandemic, Indiana exceeded all expectations and ended the state fiscal year with an unprecedented amount of reserves.”
“We have an obligation to put this money back into the hands of taxpayers, rather than living it in the hands of (the) government.”
And the state will work with about 910,000 low-income Americans who pay taxes but don’t file taxes.
Gov. Phil Murphy last year included checks worth up to $500 for one million families in his administration’s budget agreement.
So far, no additional cash rebates have been proposed in the 2023 budget.
Gov. Tim Walz says couples in Minnesota earning less than $273,470 could get a $1,000 rebate if gas prices rise.
The politician has also called for $500 direct checks for adults earning less than $164,400.
Walz told reporters, “It’s quite a lot of tanks of gas you could get out of $1,000. I think that money in people’s hands before the summer would make a good difference. And it’s fiscally responsible.”
Married couples who file joint taxes and earn less than $150,000 in New Mexico are eligible for a one-time tax refund of $500.
Single people earning less than $75,000 are eligible for a $250 check, according to the governor’s website.
Governor Grisham said, “New Mexicans, like all Americans, are feeling the pressure of rising costs.
“Combined with the state’s current resilient fiscal position, there’s no reason we can’t do everything we can to bring down costs for New Mexico’s seniors, families and businesses – and today we’re doing just that.”
In January, Gov. Kathy Hochul announced her spending plan when she unveiled the state’s $216.3 billion budget.
As part of the measures, she proposed a $2.2 billion middle-class property tax break for 2.5 million homeowners.
Hochul also called for a $1.2 billion tax cut for middle-class taxpayers.
The 63-year-old said: “We know that the federal funds will eventually run out and are therefore not counting on them for the future.”
It’s likely Virginia politicians will pass a discount check, but the amount remains unclear, according to WAVY.
The amount could be $250 or $300 for individual taxpayers.
And married couples can pocket up to $600.
Earlier this year, Hawaii Gov. David Ige asked lawmakers to issue residents a $100 check.
He published the plea in his most recent State of the State address.
It’s not yet known if Hawaiians will get the rebate Ige is asking for, and some lawmakers think the amount should be larger, reports Hawaii News Now.
Senate President Ron Kouchi said a rebate would “go a long way for people who live paycheck to paycheck.”
Idahoans who have filed taxes in the past two years are scheduled to receive a rebate check or deposit beginning in late March.
Americans in the state will get either $75 or 12 percent of their 2020 taxes — whichever is greater.
Around 25,000 rebates are issued each week and progress can be tracked at tax.idaho.gov/rebate.
Officials first issue refunds via direct deposit and then send paper checks.
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https://www.the-sun.com/money/4973776/stimulus-checks-inflation-states-tax-rebates-americans/ Inflation Stimulus Checks – 11 states plan to give millions of Americans up to $850 worth of tax breaks EACH