Thousands of Americans will get two direct payments worth $325 each under new law – are you eligible?

AMERICANS are to receive an additional payment under a new cash assistance plan to help families deal with high costs.

Indiana Gov. Eric Holcomb has signed off on $1 billion in tax refunds after lawmakers reached a deal on Friday.

Thousands of Indiana residents will receive a $325 lump sum payment

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Thousands of Indiana residents will receive a $325 lump sum paymentPhoto credit: Getty

It will give residents a $200 direct payment.

However, according to 95.3 MNC, thousands of Americans will receive a $325 lump sum payment.

That includes taxpayers who have yet to receive their first round of rebates worth $125 per person and $250 for married couples.

Originally, Holcomb proposed a $225 refund as a result of the state’s record reserves of $6.1 billion.

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The Americans are expected to receive $6,500 each in one-time payments under a $9 million pot

However, Republican lawmakers lowered it to $200.

“This fulfills what I set out to achieve when I called the General Assembly into a special session to help Hoosiers affected by historically high inflation,” Mr Holcomb said in a statement.

Who is eligible and when will they arrive?

This time, all Indiana taxpayers get a rebate.

The other round required you to file a state income tax return – which means more people are now eligible.

Approximately 4.3 million Hoosiers (approximately 85% of the state’s population) qualified for a payment of up to $250 under the previous plan.

It is unclear when the next round of discounts will arrive.

However, Inside Indiana Business reported that the state Treasury Department said the paper checks would be issued as part of the first round in mid-July.

There will be additional guidance online for Indians who don’t receive their checks by September 1 as the state deals with paper supply chain issues.

The DOR did not respond to The Sun’s request for comment.

Other states send money

Thousands of Hawaii residents are set to receive a one-time tax refund this month.

Those earning less than $100,000 per year get a $300 rebate.

If your income is above this threshold but below $200,000, you will receive $100.

In addition, families with children could get more money.

For example, a family of four could receive $1,200.

Up to $1,500 worth of tax rebates have been issued in Colorado.

To receive the payment, residents must be 18 years of age on December 31, 2021 and file a state income tax return before the deadline.

If you filed taxes by June 30, 2022, you will receive your refund by September 30, 2022.

Rhode Island Gov. Daniel McKee said families could get a child tax credit worth up to $750.

Any Rhode Island taxpayer with dependents under the age of 18 is eligible for the credit and no application is required.

Taxpayers who submitted by August 31 will receive rebates starting in October.

Almost 115,000 families in the state are expected to benefit.

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For more information on how to make money, see Nine Banks Offering $1,500 in Summer Bonuses.

And here are the 12 states that are offering up to $1,000 in direct payments to parents.

https://www.the-sun.com/money/5953867/direct-payment-indiana-rebate-eligible/ Thousands of Americans will get two direct payments worth $325 each under new law – are you eligible?

CELINE CASTRONUOVO

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