This recap comes via The Motley Fool, which tabulated all of the aforementioned stimulus check-related announcements into the following rundown: California: Under consideration, a gas tax rebate of up to $400 per car for up to two vehicles, Georgia: A tax rebate is coming $250 for single filers, $375 for heads of household, and $500 for married filing jointly, Hawaii: A tax rebate for every Hawaii taxpayer is under consideration; $300 is you make less than $100,000, and $100 if you make over $100,000, Idaho: Tax rebate coming via direct deposit or paper stimulus check; the greater of $75 or 12 percent of 2020 Idaho state taxes, Kansas: Under debate, reducing or getting rid of the state grocery tax altogether, Kentucky: Under debate, a one-time stimulus rebate, up to $500 per state resident and $1,000 per household, Maine: Direct stimulus check payments of $850, New Jersey: Under consideration, a property tax rebate of up to $250 for renters and an average of $700 for homeowners, New Mexico: One-time tax rebate is coming ($250 for singles, $500 for married filing jointly); also, a refundable child tax credit of up to $175/child starting Jan. 1, 2023, New York: Property tax rebate for 2021, 2022, and 2023; an average of $425 in NYC and $970 outside the city, Pennsylvania: Under consideration, cutting the state gas tax by 30 percent, Virginia: Under consideration, cutting or getting rid altogether of the state grocery tax and/or suspending the state $0.262 per-gallon gas tax for 1 year, See the original version of this article on BGR.com, Sign up for Yahoo Lifes daily newsletter, Fridays deals: $25 pet hair remover, 99 Echo Dot, Cosori air fryer, area rug sale, more, original version of this article on BGR.com, Mom's viral photos of daughter send powerful message, A 'crisis': 1 in 4 Black transgender, nonbinary youths attempted suicide in previous year, study finds, Elizabeth Banks on learning to 'age gracefully': 'I've never felt more confident', Explaining Jessa Duggar Seewald's spontaneous abortion and dilation and curettage procedure, How I support my child in the face of Utah's ban on gender-affirming health care. Get advice on your investment portfolio from a certified professional through Datalign. The state of New Mexico is bringing out financial relief in the form of $750 stimulus. This recap comes via The Motley Fool, which tabulated all of the aforementioned stimulus check-related announcements into the following rundown: Andy Meek is a reporter who has covered media, entertainment, and culture for over 20 years. Single filers will have had a federal adjusted gross income of less than $100,000, $150,000 if filing as head of household or $200,000 for couples filing jointly. However, the elderly, widows and widowers and the disabled could see up to $975 in stimulus payments. FRANKFORT, Ky. (WKYT) - Some Kentucky lawmakers are proposing a tax rebate plan. Like in Montana, some in the local legislature are pushing back, preferring to reduce state income tax rather than issue a one-time payment. The lawmakers have ended sessions for the year, so it probably wont happen in 2022. Get the lowdown on those pumped-up gas prices (that no ones actually pumped about). The government says its working to make the payment available to those who didnt file their taxes by the end of October. The Kentucky Center for Economic Policy, a left-leaning think tank, said SB 194 would not provide any tax rebate for many families whose income is below the poverty lineandmost retirees who do not pay anyincome tax, calling it "a poor use of $1.15 billion that is needed to reinvest in our schools and other budgetary needs.". The Massachusetts Senate approved [$250 stimulus checks for taxpayers] (https://www.governing.com/finance/massachusetts-senate-approves-stimulus-checks-and-tax-relief). Not only did the number of new jobless claims increase, but the number of continuing unemployment claims rose by 181,000. These days, individual state governments are launching their own stimulus check or related benefits for taxpayers. About 3 million people should get the check. However, if the economic situation continues to decline, then a fourth stimulus check could end up being back on the table. The increase is due in part to rising oil coststhe Senator Chris McDaniel, R-Taylor Mill, says if this bill passes, each single working taxpayer will receive $500 in the form of a tax rebate that could be paid out later this year. Neither Phil, Optrader, or anyone related to PSW is a registered financial adviser and they may hold positions in the stocks mentioned, which may change at any time without notice. The money comes from the states surplus of $729.3 million. The content provided on MoneyWise is information to help users become financially literate. Most eligible South Osborne responded to the governor's proposal by stating that "far more can be accomplished for Kentuckians by overhauling the states antiquated tax structure.". To be eligible for the payment, residents must file a tax return by the end of October 2022. Research shows Americans are spending more on gambling and gaming despite inflation concerns. Financial experts and economists see a dangerous storm brewing thanks to a volatile combination of high inflation, rising interest rates and supply-chain issues. The plan has already passed a Senate committee. Market Realist is a registered trademark. That extra money is how these states are paying for those inflation relief checks. Updated on: August 17, 2022 / 12:23 PM WebFRANKFORT, Ky. (AP) - Kentucky's Democratic governor has made a pointed plea for $2,000 COVID-19 relief checks, saying the larger direct payments would pump an extra $5 billion into the state's virus-damaged economy.Gov. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Kentucky is the latest state to join this growing list, and a stimulus check from Kentucky could give residents a one-time tax rebate worth $500. What is clear is that American households are struggling and could use some extra support right now. Thats leaving them with, in some cases, cash on hand and needing to figure out what to do with it. Legal Statement. Several states are working on proposals to help residents offset the impact of inflation. It's been months since lawmakers approved a round of stimulus checks, and while monthly Child Tax Credit payments have been hitting Americans' bank accounts since Stay protected on the road and find more affordable car insurance in minutes with Pretected. Ky. taxpayers would receive $500 under proposed tax rebate plan, Precautionary boil advisory issued for water customers in east Jefferson County, Police: Woman accused of buying nearly $9K in clothes with stolen credit card, WAVE Weather Now Syncbak Channel Embed for PBE Page, 15-year-old shot, killed in Smoketown neighborhood identified, Christina Applegate attends last awards show as an actress, Man taken to hospital after stabbing in Russell neighborhood, LMPD: Man in hospital after shooting in St. Denis nieghborhood. Right now, we're probably not there. State revenue officials say the checks will start mailing in September. Half of the credit will be paid monthly, with the balance paid when recipients file their annual tax return. If you haven't compared car insurance recently, you're probably paying too much for your policy. You can check the status of your rebate here. Eligible Americans got up to $1,200 to help cope with the high unemployment rate and fallout of the coronavirus hitting the U.S. The checks will be for $500 for an individual and $1,000 for couples. Montana has also a $1 billion budget surplus for the year. If you purchase an independently reviewed product or service through a link on our website, BGR may receive an affiliate commission. Remember how some states were dishing out their ownstate stimulus checksafter the pandemic? Last week, Beshear beat them to the punch with his owntax proposal, calling for a 1% decrease to the state sales tax rate in order to help Kentuckians battling the recent spike in inflation. raising income tax 1% in the top marginal rate, Gambling costs players more than just their money. The two Democrats on the committee were not present for the vote. States have also implemented stimulus programs to aid American workers. Kentucky is the latest state to join this growing list, and a stimulus check from Kentucky could give residents a one-time tax rebate worth $500. This proposal to give a one-time tax rebate is yet to be approved by lawmakers. Stimulus Check From Kentucky: What Is It? Both the chambers in Kentucky have come up with different tax plans. The plan has been added to Senate Bill 194, which deals with the governors involvement in the budget process. ($25k for $160/mo), 4 Reasons You Should Switch To This Travel Credit Card, 22 Side Gigs That Can Make You Richer Than a Full-Time Job, 13 states are currently offering stimulus money to constituents. Lawmakers expect a compromise on the proposals from both chambers. According to what is in the bill, the maximum each household would receive is $1,000. In places like Maine, the state is putting overhalfof the budget surplus back in the pockets of the taxpayers.27. All Colorado residents who filed a 2021 tax return are eligible for the payment.4. One proposal suggests $1,000 for homeowners who paid property tax and $1,250 for residents who paid state income taxes. Well, these states are upping their game and giving out their own inflation relief checks now. In Illinois direct rebate checks will be given to working families. For the week ending Sept. 18, there were 351,000 new jobless claims filed. Copyright 2023 Market Realist. An estimated 300,000 to 350,000 low and middle-income families are eligible for one-time $250 per child tax rebates in Connecticut, with checks expected to be sent in late August. The first round of checks for 2022 will be sent out on Sept. 20. thanks to a large state revenue, which grew 14%. Thats because doing a monthly budget actually puts you in control of your money. You can check the status of your rebate here). But what the heck does that mean? The information contained herein does not constitute advice on the tax consequences of making any particular investment decision. 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