Gas prices continue to soar and the rise of inflation begins to have an effect on the cost of day-to-day necessities for millions of Americans. That said, some measures are being taken by both federal and state governments to attempt to cushion this blow, by introducing programs that try to offset the spiralling costs around us in the United States.
In our live blog on the latest American financial news and advice this Saturday, April 2, we will have updates on all these stories and much more.
Massachusetts stimulus check
There is good news for low-income workers in the state of Massachusetts, as there will be 500 dollar checks sent out as part of the Employee Premium Pay Program.
This money will go out to 500,000 people in Massachusetts, which will hopefully aid citizens against the rise of inflation.
Read more here about the Massachusetts stimulus check.
First responder stimulus check
First responders in the the state of Florida are set to receive 1,000 dollars after Gov. Ron DeSantis gave the green light for this as part of the state’s record budget.
DeSantis is keen to reward first responders for the second year in a row, and there could even be a 5,000 dollar payment coming down the line for newly trained first responders.
Read more here about the first responder stimulus check.
Gas Stimulus Check
The calls are increasing for the introduction of a 300 dollar gas stimulus check in the USA, with some Democrat politicians looking to help Americans offset the rising cost of gas.
Should the price of gas be four dollars a gallon or higher, a proposal would see families receive 300 dollars and individuals receive 100 dollars
You can read more here about the latest details of the Gas Stimulus Check.
Still time for Employee Retention Tax Credit
Although Employee Retention Tax Credit expired at the end of 2021, there’s still time for it to be claimed by eligible businesses who haven’t already claimed it.
There’s no size limit on ERTC, though small and large businesses are treated differently. Employers with 100 or fewer full-time employees have all wages qualify for the credit, whether the employer is open for business or subject to a shutdown order.
Read more about ERTC here.
Delays regarding federal tax refunds
Some US citizens are having to wait longer than they expected to receive their tax refunds. Although some 52 million people have received theirs, others have not been so fortunate.
Money typically arrives within 21 days of the refund being filed and the IRS say they are prioritising returns with refunds over those owing money. Refunds could, though, be stuck in processing queues if they were filed by a paper return.
Read more here about tax return refunds.
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