MILLIONS of Americans have just 48 hours to file their tax returns if they want to claim a $750 direct payment.
Colorado Gov. Jared Polis announced that residents who filed their taxes by June 30 will begin receiving refund checks beginning in late August.
Around 3.1 million residents are lining up to receive the payment.
Individual taxpayers will receive $750, while joint taxpayers will receive $1,500.
Polis said, “We offer real relief when Coloradans need it most. Everyone in our state is feeling the effects of rising costs, and I refuse to let the government sit on taxpayer money when it could make life a little easier for the people of our state.
“I’m thrilled that because of our strong economy, Coloradans will receive nearly double what we originally hoped, at $750 for individuals and $1,500 for joint applicants.”
The original tax filing deadline was May 31 before it was extended.
April payments should be $400 for individual taxpayers and $800 for joint taxpayers, according to the governor’s office.
However, it was revised as the state had a strong economic recovery, resulting in higher reimbursements.
Coloradans who miss the June 30 deadline will receive the checks in January 2023 if they file an extension by October 17.
State legislatures across the country are introducing relief measures to offset the effects of inflation.
More than 20 million Californians are set to receive direct payments worth up to $1,050 through October.
Single households earning up to $75,000 are to receive a rebate of $350 per taxpayer and an additional $350 if they have a dependent, reports LAist.
That means a family of two adults and one child gets $1,050.
Individual taxpayers earning up to $125,000 and joint taxpayers earning up to $250,000 receive a $250 rebate.
Those earning up to $250,000 will receive a $200 rebate, while joint applicants will receive $400.
California Gov. Gavin Newsom said the rebate is “more money in your pocket to help you fill your gas tank and put food on the table.”
Mr Newsom hoped to send the aid payments to Californians by the summer, but it’s believed they may not be deposited until October, the Los Angeles Times reports.
According to the American Automobile Association, the average cost of gasoline per gallon in California is $6,321.
Also, Indiana Gov. Eric Holcomb has proposed giving taxpayers an additional $225 in payments amid inflation, reports WRTV.
Gov. Eric Holcomb said, “Hoosiers have real needs right now, from the gas pump to buying groceries, during this time of high inflation, and all should benefit from the state’s success.”
Holcomb’s proposal would provide for payments under Indiana’s Automatic Tax Refund (ATR) law.
In addition, thousands of Maine residents are scheduled to receive checks worth $850 by the end of July.
https://www.the-sun.com/money/5666860/colorado-deadline-taxes-direct-payment/ The Deadline to Claim $750 Direct Payments is TOMORROW – Are You One of the Millions of Eligible Americans?