According to a Consumer Price Index summary presented by the Bureau of Labor Statistics, it has been indicated that the yearly inflation rate has gone above 6.5% at the end of 2022. This was a considerable decrease from the rate in November- when this indicator was 7.1%.
This implies that there are several states that would be sending inflation stimulus check payments, or tax rebates in January 2023 or beyond- despite the inflation decreasing. The payments were already approved the previous year in order to help people who have been suffering from high prices. In the state of Colorado, taxpayers who went and asked for a delay in their tax return for 2021 will receive a sum of $750 by the 31st of January this year.
Stimulus Check Payments To Be Issued By American States
It has also been announced that the residents of Hawaii will be receiving a one-time stimulus check payment of $300 if their income was under a sum of $100,000 in 2021, or around $200,000 if they ended up filing jointly. Interestingly, a payment of $100 has also been made available to those who made a sum of more than $100,000 or $2000,000 as a single person or even a couple. In contrast, taxpayers who had earlier filed for their state tax returns of 2021 between the 31st of July and the 31st of December 2022 will be receiving a direct deposit of up to 10 weeks.
In the state of South Carolina, the taxpayers had already started receiving income tax stimulus check payments of $800 from November. It is believed that the end of 2022 should definitely have resulted in enough refunds for taxpayers who had previously submitted their tax returns for 2021 by the 17th of October, 2022.