Inflation compensation: 18 states pay residents assistance to cushion the blow from rising prices

18 states have announced plans to give residents varying amounts of money to try and offset rising inflation-related costs. Insider.

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Florida Gov. Ron DeSantis announced July 21 that his state will send $60 child support to almost 000 Florida families starting this week.

The Biden administration does not appear to be planning such payments at the federal level. More recently, the U.S. government sent direct payments in response to the coronavirus pandemic in March 2021, although critics at the time argued that these payments could fuel inflation, and similar questions are raised about states' relief efforts.

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Here are the states that have introduced their own direct payment programs:

California

California residents may soon see direct relief payments after Gov. Gavin Newsom signed a $17 billion inflation-reduction package last month that also suspended the state's diesel sales tax and included financial assistance for rent and utilities. .

More than half of the state's residents should receive payments of up to $1050 based on a three-tier eligibility system, and tax declarers with at least one dependent should also receive an additional $350, $250, or $200, depending on their income.

Uniform taxpayers are entitled to:

• $350 if they earn less than $75 a year.
• $250 if they earn between $75 and $001 a year.
• $200 if they earn between $125 and $001 a year.

Joint tax declarants are entitled to:

• $700 if they earn less than $150 a year.
• $500 if they earn between $150 and $001 a year.
• $400 if they earn between $250 and $001 a year.

Colorado

Governor Jared Polis announced in late June that Colorado is introducing a $750 refund for single tax filers and $1500 for joint tax filers.

The Governor urged residents to file a tax return by June 30 to receive a direct payment or apply for an extension by October 17 to receive a payment next January.

Delaware

In April, the state created its relief program by sending a one-time direct payment of $300 per adult ($600 for joint tax returns). Payments were made in May and are due during the summer for residents who filed 2021 tax returns, according to a government notice.

Florida

Florida is introducing a one-time payment designed to help families affected by inflation by sending $450 per child to eligible recipients, including adoptive parents, relatives and unrelated guardians, and families receiving funds from the Florida Temporary Assistance to Needy Families or Custody Program.

The Florida Department of Children and Family Affairs said it was expecting about 59 families to pay.

Georgia

In May, the Georgia Department of Revenue announced that it would begin issuing a one-time resident tax refund of $250 for individual applicants, $500 for joint applicants, and $375 for heads of household.

Hawaii

In late June, Gov. David Ige signed the tax refund bill into law, giving individual taxpayers earning less than $100 a year or joint taxpayers earning less than $000 a tax refund of $200; The $000 payment is for flat tax payers who earn more than $300 or taxpayers who earn more than $100.

The state tax department said it would begin issuing refunds in the last week of August.

Idaho

Earlier this year, Gov. Brad Little approved a tax refund for residents. Residents must receive either $75 per taxpayer and each dependent, or 12% of income tax, whichever is greater.

Illinois

The state's Family Assistance Plan went into effect on July 1, temporarily suspending food, gas, and property taxes for Illinois residents.

In addition, individual taxpayers who earned less than $200 in 000 should receive a $2021 tax refund, and joint taxpayers who earned less than $50 will receive $400. Taxpayers should also receive $000 for each dependent.

Indiana

Gov. Eric Holcomb announced in December that residents will receive a $125 tax refund (and $250 for joint filers) after filing their 2021 taxes. Taxpayers must file their 2021 tax return by April 18 to be eligible for a refund; payments began in May and are expected to continue throughout the summer.

Last month, Holcomb announced plans to distribute a second round of benefits from a state budget surplus of about $225, but the plan has yet to be approved by state lawmakers.

Maine

More than 850 Maine residents receive $000 direct aid checks. Eligible recipients include individual filers earning less than $850, individuals filing as heads of household earning less than $100, and joint filers earning less than $000.

Massachusetts

The state launched a second round of $500 direct payments for more than 300 essential low-income workers following the first round of payments in February.

Eligible residents include workers who earned at least $13 in the last year with family incomes at or below 500% of the federal poverty level.

Earlier this month, state lawmakers proposed another $250 lump sum direct payment package for residents making at least $38 and less than $000.

New Jersey

Last fall, Governor Phil Murphy announced that nearly 1 million families would receive up to $500 in compensation as part of his middle-class tax credit program. According to the press release, the state government will begin sending checks in early July, and it will take about six weeks for all checks to be processed.

New Mexico

In early March, Gov. Michelle Lujan Grisham signed into law a bill authorizing payments for state residents. Depending on income, an eligible single taxpayer may receive a refund of $250 for individual filers earning less than $75 and $000 for joint filers earning less than $500, which is expected to be paid in July.

A second tax refund of $500 for individual filers and $1000 for joint filers, family heads and surviving spouses will also be automatically sent to taxpayers. The second compensation is sent in two payments - one released in June, and the other will be released in August.

New York

About 2,5 million New York homeowners will receive a property tax refund for 2022. The state sent checks earlier this year, with most of the payments sent in June.

Oregon

The Oregon Department of Revenue announced that more than 230 low-income Oregonians will receive a one-time $000 payment funded by federal pandemic assistance provided to states last year. According to a press release, payments began to be distributed from the end of June.

Pennsylvania

As in New York, Pennsylvania officials have created their own property tax and rent relief program of up to $650 based on their income.

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According to the announcement, Pennsylvania homeowners will receive a payment of:

• $650 if they earn less than $8000.
• 500 if they earn between $8 and $001.
• $300 if they earn between $15 and $001.
• $250 dollars if they earn between $18 and $001.

Tenants in the state will receive:

• $650 if they earn less than $8000.
• $500 if they earn between $8 and $001.

The state is also pending legislation passed earlier this year that would give households with an income of $80 a lump sum payment of $000, as proposed by Gov. Tom Wolf. The plan has since been shelved after it ran into opposition from Republican lawmakers in the state.

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South Carolina lawmakers passed legislation authorizing $1 billion in compensation and an income tax cut to help the state's residents.

Virginia

Virginia lawmakers approved a $250 lump sum tax refund for single taxpayers - $500 for combined taxpayers - in June that could be issued in late September, according to the Virginia Department of Taxation. Residents can count on payment until the end of October.

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