With little immediate relief from the federal government to respond to record inflation, 18 states are sending —or have already sent—payments to taxpayers..
And while some of these payments are for hundreds of dollars, they’re unlikely to have a big impact on inflation. “Plans focused on specific sectors or groups, such as gas cards or disbursements based on income thresholds, in theory could help ease the pain caused by prices of specific goods or services…without putting as much pressure on prices more broadly,” says Andrew Patterson, senior international economist at Vanguard.
Here’s how state governments plan to bring taxpayers relief in a world of surging prices.
Approved State Stimulus and Rebate Check Programs
Eighteen states have approved legislation to get tax rebates flowing to their residents:
Alaska: $3,200 Payments
California: Up to $1,050 Rebate
Colorado: $750 Rebate Payments
Delaware: $300 Rebate Payments
Florida: $450 Payments
Georgia: $250 Rebate Payments
Hawaii: $300 Rebate Payments
Idaho: $75 Rebate Payments
Illinois: $50 and $300 Rebates
Indiana: $325 Rebate Payments
Maine: $850 Direct Relief Payments
Minnesota: $750 Payments for Frontline Workers
New Jersey: $500 Rebate Checks
New Mexico: $500 Rebates
Rhode Island: $250 Rebate per Child
South Carolina: Rebate Checks of up to $800