Theres been no decision yet on the proposal, according to the Associated Press. Support strong local journalism by subscribing today at the top of this page. Millions of people have used our financial advice through 22 books (including 12 national bestsellers) published by Ramsey Press, as well as two syndicated radio shows and 10 podcasts, which have over 17 million weekly listeners. Whereas the federal stimulus checks, including 2021s six monthly child tax credit payments, were broad-based and sent out to tens of millions of Americans, those are a thing of the past from the federal government now. Many states have gotten record sales tax revenue because of inflation. The state has issued several rounds of inflation relief checks, and the payments continue. California authorized inflation relief checks of up to $1,050 in 2022, and most payments have already been distributed. News provided by The Associated Press. to help with the rising cost of groceries and gas. Senate Minority Leader Morgan McGarvey of Louisville said Democrats are supportive of tax relief like the one proposed by Beshear noting the total dollar amounts of both plans are similar but do not have the complete context of what Republicans plan to do on tax reform. 2022 CBS Interactive Inc. All Rights Reserved. [CDATA[ (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }());]]]]>]]> Sign up for ValueWalks free newsletter here. Not only did the number of new jobless claims increase, but the number of continuing unemployment claims rose by 181,000. His work has appeared in outlets including The Guardian, Forbes, and The Financial Times, and hes written for BGR since 2015. Kentucky is the latest state to join this growing list, and a stimulus check from Kentucky could give residents a one-time tax rebate worth $500. The Senate Appropriations and Revenue Committee passed the bill with a 7-0 vote. Kentucky budget address:5 takeaways from Kentucky Gov. However, the elderly, widows and widowers and the disabled could see up to $975 in stimulus payments. Single filers will have had a federal adjusted gross income of less than $100,000, $150,000 if filing as head of household or The proposed plan would see people who earn less than $165,000 get $1,000 and couples earning less than $275,00 would get $2,000. Heres where the next round of payments may be happening. Residents who owe taxes for 2021 are eligible for as much as $500 so long as they file their tax returns for last year by November 1, notes the Virginia Department of Taxation. In fact, economists feared earlier this summer that rising case numbers would potentially lead business owners to start spending more conservatively and potentially eliminate jobs. We came to an agreement on that with the house last week, Sen. Damon Thayer, R-Georgetown said. The program will cost $1 billion and rebates are only for the tax amount that a resident actually paid. Well, these states are upping their game and giving out their own inflation relief checks now. Our free budgeting app,EveryDollar. Heres acrazyideainstead of hoping for Uncle Sam to swoop in and save the day with an inflation stimulus check, give yourself a raise to tackle inflation. Because of that, Colorado Cash Back checks of $750 for individual filers and $1,500 for joint filers went out to Colorado residents in September. Payments will be issued as a check separate from your tax return. The application period is still open, and payments are set to go out in spring 2023.17And thats on top of the Middle Class Tax Rebate, which gave taxpayers with at least one dependent up to $500.18, In the Land of Enchantment, the governor signed a bill that put a couple of different inflation relief checks into peoples hands. Among them are California, where a Middle-Class Tax Refund provides up to $1,050 per single tax filer, and Massachusetts, where a new law called Chapter 62F declares the state has to refund budget surpluses back to residents. A 4th Stimulus Check Is Happeningif You Live in These States. Weve made the point on a number of occasions now that when and whether anyone gets a new stimulus check is largely a function of luck. Since 2020, weve all learned a thing or two aboutstimulus checks, right? Rep. Peter DeFazio, D-Oregon, has introduced a separate proposal that would offer people a rebate depending on the profit of oil companies. Well, its like when you do your monthly budget and have some money left over. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. After all, that might have a little something to do with why we have this killer inflation in the first place. [CDATA[ window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true}); ]]]]>]]>