While the worst of the coronavirus pandemic was happening in 2020 and 2021, the American government flooded consumers and businesses with Stimulus Checks in an attempt to keep the economy afloat.
There have been several efforts since then to pass more stimulus legislation by both politicians and the general public. Even if the economy rebounded well from the two-month flash recession of 2020, two consecutive quarters of contraction to start 2022 may portend the onset of another recession. As a result, many Americans are holding out hope for further stimulus payments from the federal government or specific states to slow the economy’s decline.
Supplemental 2022 Stimulus Checks
As of August 2022, the government request for further stimulus monies seems limited. The Biden administration has suggested a gas tax holiday and rebate cards as a means of alleviating rising gasoline prices, but neither proposal has gained traction in Washington.
More direct stimulus payments were also a contentious issue, but that discussion has died down. However, given the likelihood of a recession in the United States, such ideas might gain traction later in the year.
UBI recipients who qualify will get $500 annually in the form of a bank transfer or prepaid debit card.
If you have filed your tax returns for both 2020 and 2021, you may be entitled to a refund.
Reimbursements of between $100 and $300 will be given to taxpayers in the state.
Idaho residents may choose between a $75 rebate and a 12% reduction in state taxes year 2020.
The state of Illinois is temporarily lowering sales taxes and offering income and property tax reimbursements.
Every Indiana resident, regardless of economic level, will get a $125 Stimulus Check.
There was an overage in the budget, so some are receiving Stimulus Checks for as much as $850.
Massachusetts lawmakers are working on a plan to provide one-time tax rebates of $250 for singles and $500 for married couples who meet certain requirements.