There are 10 different direct payments, ranging from $300 to $1,050, being sent through March 2023. Inflation is taking a toll on the wallets of the consumers. The current inflation rate stands at 6.5 percent. This program direct payments will provide relief during a time when Americans are looking to make their dollar stretch as far as possible.
Tax rebates for Idaho residents are still going out in January. Residents who filed 2020 and 2021 taxes are eligible for a tax rebate of either 10 percent of the tax amount on their 2020 income or $300. Also, 50 people have been chosen to receive $500 in guaranteed income in Evanston, Illinois. 170 people are participating in a two-year program who will receive $500 a month per two years in Alexandria, Virginia.
Rebates will range from $650 to $975 depending on whether you are eligible for supplemental rebates. While in Colorado, the Cash Back program allows anyone who filed for an extension and submitted a tax return by October 17, 2022, a tax refund by January 31. While in South Carolina, taxpayers can still claim a one-time rebate of up to $800 (Dumandan, 2023).
The current inflation rate stands at 6.5 percent. Food, shelter, and gasoline have seen some of the highest price increases. This program is a great help to millions of Americans who are struggling with finances because of the high inflation rate. Through this, millions of Americans can benefit it and received up to $1,500 in tax rebates.