Multiple states will soon be sending out stimulus checks and other financial relief, a decision that some believe will make the 40-year-high inflation even worse.
In California, individuals will get up to $1,050 between October 2022 and January 2023 as inflation relief checks based on their tax filing status and income. The Colorado Cash Back Bill, signed on May 23, will give citizens aged 18 years and over tax rebates of $750 per individual tax filer and $1,500 for joint filers. The checks will be sent by Sept. 30.
In Georgia, taxpayers can get anywhere from $250 to $500, according to a refund law signed into law in March. The payments were due to be issued in early August. In Florida, around 59,000 families will receive a one-time payment of $450….