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    A DIRECT payment worth $300 that is helping tens of thousands of Americans has a fast-approaching deadline. For residents of Delaware, the state is providing residents with $300 to help with rising gas prices and groceries. 1Most Delaware residents should be eligible for a $300 relief rebateCredit: Getty The relief is part of what is called the 2022 Delaware Relief Rebate Program, created by House Bill 360 with the intent of distributing $300 to adult residents in the state, per Delaware.Gov. Originally, the first batch of checks was sent out to Delaware residents back in May for those who filed tax returns for 2020 and 2021. However, nearly 150,000 residents are still eligible to receive their money, reports Delaware Public Media. “We estimate that the maximum amount left might be 150,000, I think that's the high end," explains Delaware Finance Secretary, Rick Geisenberger. Read more on relief paymentsCHECKING IN Americans to get $100s worth of tax refunds starting in SeptemberTIME TO LEARN 17 states offer tax holiday on back-to-school stuff starting TODAY In an effort to reach those that...
    While Democratic officials met news of Connecticut’s boosted credit rating effusively on Tuesday, Republicans drew attention to new survey results showing on-the-ground feelings about the economy overall aren’t so rosy.  Standard & Poor’s (S&P), a major New York City-based credit-rating agency, assigned the state’s general obligation bonds a “positive” outlook; before, the rating was merely “stable.” S&P attributed its upgrade to the state projecting it will accumulate a $3.31-billion fund balance in the next fiscal year, amounting to 15 percent of appropriations. “Credit rating upgrades aren’t that jazzy,” Governor Ned Lamont (D) tweeted in response to the news. “However, we’ve received five rating increases since early 2021 – worth pointing out … . We’re transforming CT’s narrative from ‘fiscal crisis’ to ‘fiscal turnaround,’ and doing it while still investing in our kids, families, and economy.” State Representative Matt Blumenthal (D-Stamford) was equally elated about the rating jump.  “Our responsible budgeting has led to yet another credit-rating upgrade,” the legislator proclaimed in a Twitter post. “This is not just a vote of confidence in our finances — it will save taxpayers...
    American taxpayers just have weeks left to claim an $800 check. The payments, which serve as a tax rebate, will go out to an estimated 3.1million Coloradoans, Governor Jared Polis and state Senate Leadership announced yesterday.  1The payments are worth $400 for individuals and $800 for joint filersCredit: Getty They will be worth $400 for individuals and $800 for joint filers.  The rebates aim to offset inflation, which has taken a toll on many Americans' wallets.  While the latest inflation figure for April peaked at 8.3% - that number is still quite high. “People are paying more for everyday items like gas, groceries, and rent through no fault of their own,” Mr Polis said in a statement.  READ MORE ON PAYMENTSPAYDAY TIME Exact dates Social Security, SSI, and SSDI are paid in May STIMULUS BOOST Americans will get stimulus checks worth up to $1,200 in WEEKS “Instead of the government sitting on money that Coloradans earned, we want to give everyone cash back as quickly and easily as possible to provide immediate relief and empower people to do what they want...
    CASH is being handed out to help millions of Americans fight rising inflation. The money comes in the form of rebates or under cash programs worth hundreds of dollars. 1Some states have approved and proposed tax rebates to provide aid for residents Though the dollar amount of the stimulus may not be as high as pandemic levels, this much-needed assistance has helped with soaring gas and grocery prices. Here's a look at how each government, from the federal and state levels, has been helping. State stimulus and rebate check programs The following five states have recently approved legislation for tax rebates. 1. Colorado This week, governor Governor Jared Polis announced that 3.1million Coloradoans would get tax rebates. Read More on Pandemic ReliefDOLLAR SIGNS Plans to hand millions $2,000 payouts to tackle cost of living crisisEASY MONEY New $1,000 payments proposed for THOUSANDS – see if you're eligible They are worth between $400 for individuals and $800 for joint filers. To qualify for the payments, you must be a “full-time” Colorado resident. They will be based on 2021 tax returns, which...
    STIMULUS money is being handed out to help millions of Americans fight rising inflation. The money comes in the form of rebates or checks worth hundreds of dollars. 1Some states have proposed tax rebates to relieve their residents Though the dollar amount of the stimulus may not be as high as pandemic levels, this much needed assistance has helped with soaring gas and grocery prices. Here's a look at how each government, from the federal and state levels, have been helping. Let's start with the ones that have been approved. State stimulus and rebate check programs The following five states have recently approved legislation for tax rebates. Read More on Pandemic ReliefDOLLAR SIGNS Plans to hand millions $2,000 payouts to tackle cost of living crisisEASY MONEY New $1,000 payments proposed for THOUSANDS – see if you're eligible 1. Georgia Georgia residents who have filed their 2021 and 2022 tax returns will now be eligible for a one time rebate payment based on the following tax filing status: Single filers/married filing a separate return will receive $250 Head of household will...
    Bloomberg | Bloomberg | Getty Images As gas prices have soared across the country, some politicians have floated a potential solution: temporarily halting the collection of taxes charged at the pump. That includes proposals to suspend the federal tax of 18.4 cents per gallon, as well as state taxes that average about 39 cents per gallon. The national average for a gallon of gas is currently $4.22, according to AAA. That's up from the $3.61 average drivers saw a month ago and $2.87 a year ago. More from Personal Finance:Why a federal gas tax holiday won't save consumers muchInflation is costing households $300 more a monthWhy the Fed raises interest rates to combat inflation An NBC News poll found 8 in 10 Americans worry the war between Russia and Ukraine will increase gas prices. Politicians are rushing to ease those financial worries. President Joe Biden on Thursday announced the U.S. will use oil from strategic reserves to help force down gas prices. Meanwhile, leaders at both the federal and state level have sought to temporarily suspend taxes consumers pay at...
    Seattle residents were buying more alcohol than people in Portland two years after Seattle implemented a soda tax meant to deter people from consuming the sugary drinks, according to a recent study. The volume of beer sold in Seattle was seven percent higher than in Portland two years after the soda tax took effect on January 1, 2018.  The volume of all alcohol sold in the Emerald City increased by five percent in the same period, according to a study by University of Illinois-Chicago researchers Lisa M. Powell and Julien Leider published last month in the journal PLoS ONE. 'There was evidence of substitution to beer following the implementation of the Seattle SSB (sugar-sweetened beverage) tax,' the authors concluded. Seattle City Council members voted 7-1 for the tax in June 2017, according to the Seattle Times. The tax is 1.75 cents per ounce, which adds up to be about $1.18 per two-liter bottle. Critics of soda taxes say that they often target lower-income households and that they don't work, though studies show a decline in soda sales. Similar taxes have been implemented in Washington,...
    Hispanolistic Depending on where you live, cash or other financial aid from your state could be coming your way. As the U.S. economy continues recovering from the pandemic, some states are using (or plan to use) extra money in their budgets to either send out stimulus-type payments, provide tax cuts or otherwise give relief to their residents. This is in sharp contrast to a year ago, when shutdowns caused state leaders to fear the worst. "It's looking like most states are flush with cash and have a lot more than they anticipated," said Katherine Loughead, a senior policy analyst for the Tax Foundation. "They thought they'd have a deficit." More from Personal Finance:The pandemic changed charitable giving by the wealthyA Roth IRA could help you buy a home. What to knowSenators call on FTC to guard against travel scams Despite revenue dropping precipitously at the start of the pandemic more than a year ago, most states have seen their tax inflows rise enough to erase those early drops, according to a report from the Pew Charitable Trusts. As of February,...
    Also holds hearing on 4-story Main Street proposal The Beacon City Council on Monday (Dec. 7) adopted the city’s 2021 budget, a spending plan that includes a 1.7 percent residential tax increase, or around $35 annually on a $300,000 home.  The budget, as first drafted by Mayor Lee Kyriacou, raised the tax levy — the total that the city can collect through property taxes — by about $200,000 because of new construction. That would have kept taxes on existing homes and commercial properties flat.  The proposal did not raise taxes to the maximum allowed under a state tax cap, which Kyriacou said was meant to help residents hurting financially because of the ongoing pandemic shutdown.  The plan instead relied on withdrawing as much as $2.2 million from savings to balance the budget because of an expected drop in state aid and sales tax revenue due to the shutdown. However, during a public hearing last month, a number of residents called on the council to “go to cap,” or figure in the maximum tax increase, to create about $186,000 in additional...
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