Millions of Americans will receive direct payments this September.
These payments are to help offset the impact of inflation.
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Payments to offset inflation
With another stimulus check off the table, states are left to offer their own financial relief to residents. This can include tax holidays, direct payments, and other types of stimulus. The most recent inflation rate is 8.5% as announced by the US Bureau of Labor Statistics.
In the last year shelter costs have risen 5.7%. Over the course of this year, food prices have increased by 8.5%. Luckily, the national average price for a gallon of gas has gone down about 67 cents. The following states will be sending payments in September.
1. Colorado
The Colorado Cash Back program will give nearly every taxpayer a check. This is possible because of the state’s Taxpayer’s Bill of Rights (TABOR). TABOR requires the state to return leftover state revenue.
Colorado residents that filed their taxes as an individual will get a check worth $750. Couples filing jointly will receive $1,500. In order to be eligible, you must:
- be at least 18 years old as of December 31, 2021
- a Colorado resident for all of 2021
- File a 2021 Colorado state income tax return or apply for a Property Tax/Rent/Heat Credit (PTC) Rebate
Anyone who filed a 2021 Colorado tax return but has since moved out of the state in 2022, is still eligible. If you filed our 2021 Colorado state income tax return by June 30, 2022, your check should arrive by September 30.
2. Illinois
The Illinois Family Relief Plan is offering payments for struggling residents. Single filers will get a check for $50 and joint filers will receive $100. However, families with dependents can get up to $300.
In order for single filers to qualify for the payment, their annual income cannot exceed $200,000. Payments will start being sent on September 12.
3. Minnesota
The Frontline Worker Payments program has allocated $500 million to pay eligible workers. The state estimates that about 667,000 residents will qualify for these checks worth $750. Applications were open from June 8 through July 22. Frontline workers in health care, long-term care, emergency responders, schools, retail, child care, and public transit that applied will get paid in September.
4. Indiana
Indiana residents are set to receive tax rebates worth up to $650. The checks were supposed to go out earlier this month but were delayed due to a paper shortage. Each day 50,000 checks are being printed and the process should be over by October. Individual taxpayers will get $325 and couples filing jointly will get $650.
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