Stimulus Payment deadlines: What should you do before September 30?

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The year 2022 has not been particularly pleasant for countless United States citizens due to the rampant inflation plaguing the country.

Not only is the country still feeling the effects of the COVID-19 pandemic, with the lockdowns causing several supply-chain issues, but the war between Russia and Ukraine and the sanctions imposed on the former has seen gas prices soar, which has directly impacted the inflation rate.

The inflation rate for the month of August alone was 8.2 percent with the US Federal Reserve increasing the target interest rate to 3-3.25 percent meaning that burrowers are now expected more interest on their principal amounts.

These factors combined have meant that the average American now finds themselves paying more for basic necessities such as food and electricity, with their wallets now much lighter.

With the above factors in mind, several states have decided to create inflation relief initiatives in order to lessen the financial burden on its residents.

What statesare offering stimulus payments in the month of September?

Colorado

In the state of Colorado residents are set to receive a rebate of 750 dollars or 1,500 dollars for couples who filed their taxes jointly for 2021.

Missouri

With gas prices in the country increasing by 25.6 percent from August 2021 to 2022, the state of Missouri is offering car owners a gas rebate.

Residents must provide the following information to secure a rebate:

  • Vehicle identification number of their motor vehicle;
  • Date of gas sales;
  • Their name and address;
  • Name and address of the seller;
  • Number of gallons purchased;
  • Number of gallons purchased and charged Missouri fuel tax, as a separate item.

Ohio

Residents in Ohio who are struggling with their energy bills can receive aid through the Home Energy Assistance Summer Crisis Program.

The maximum income threshold for a single person is 22,540 dollars with an additional 7,945 dollars tacked on to each additional family member.

Capital One payments

Following a court settlement where the credit card company was deemed to have been at the centre of a massive data breach in 2019, Capital One is offering a 25,000 settlement fee to roughly 100 million individuals in the United States.

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