As inflation remains high, millions of Americans can expect some relief this August.
States across the country have provided residents with financial assistance in the form of checks or direct payments.
At least six states are coming to the US in August with financial aid for their residentsCredit: Alamo
Recently, states like Connecticut and New Mexico have offered one-time payments that will be released sometime in August.
Some have sold their surpluses exclusively, while others offer payment in the form of a tax exemption.
In addition, 17 states have offered tax holidays, temporarily suspending state and local sales taxes paid by consumers on items like school supplies, gasoline or groceries.
Below are the following six states sending checks or direct payments this month.
1. Chicago, Illinois – $150. until
Eligible residents of Chicago, Illinois are eligible to apply for the Transit and Gas Card Fund each month.
The deadline to apply for the next $150 was August 1st.
To apply, you must be a Chicago resident, be at least 18 years old, and have a current and valid city sticker with the correct shipping information for your vehicle.
Also, your income must be at or below 100% of the median income for the Chicago area.
It’s $93,200 for a family of four.
Every month through September, the lottery takes place during the second week of the month.
Selected individuals will be notified by email.
Under the program, Chicago will issue 50,000 prepaid fuel cards at $150 each and 100,000 prepaid transit cards at $50 each.
Cards are distributed every month.
If you haven’t applied by August 1 this time, don’t worry.
In the coming months, you can apply online, at any Chicago Public Library location, or by mail.
2. Colorado – $1,500
While the deadline for Coloradans to file returns and receive their refunds over the summer has passed, they can still claim the money — but there will be a long wait.
This applies as long as you submit an extension by October 17th.
However, those who filed their taxes by June 30 will receive their refund checks by the end of August.
If you file after that, you can expect to receive your money in January.
The exemption is $750 for individuals while the amount for joint applicants is $1,500.
About 3.1 million residents are lining up to receive the money, according to Gov. Jared Polis.
3. Florida – $450
Checks are automatically mailed to approximately 60,000 eligible Florida residents.
To qualify for a one-time payment of $450, Residents must meet the following requirements:
- Foster parents
- related caregivers
- unrelated caregivers
- Families receiving TANF cash assistance
- Participants in the guardianship assistance program
Checks must arrive between July 25 and August 7, according to the Florida Department of Children and Families.
4. Hawaii – $1,200
Thousands of Hawaii residents are set to receive a one-time tax refund at the end of August.
Those earning less than $100,000 per year get a $300 rebate.
If it’s over that limit but less than $200,000, you get $100.
In addition, families with children may receive more money.
For example, a family of four could receive $1,200.
According to the Hawaii Internal Revenue Service, refunds are expected to begin in the last week of August.
Those who receive paper checks still have to wait three to four weeks for the money to arrive.
5. New Mexico – $1,000. until
In New Mexico, hundreds of thousands of residents are beginning to receive a second round of tax exemptions.
The exemptions, which are $250 for singles and $500 for married couples or individuals filing as heads of household, are automatically paid to eligible taxpayers filing a 2021 income tax return (PIT).
To be eligible you must meet certain income guidelines which are as follows:
- Married couples filing joint returns, head of household, and surviving spouse must have income of less than $150,000 per year
- Single and married individuals must earn less than $75,000 per year to file separately
The New Mexico Taxation and Revenue Department previously said paper check processing and mailing would begin in July.
However, it warned that capacity is limited on how many checks it can print per day, so the process could take up to a month, according to local news outlet KOAT.
And then a final round of payments is set to be delivered in August.
Connecticut approved a tax credit of $250 per child in a household with a maximum credit of $750, but families had until July 31 to apply.
The following income criteria had to be met in order to qualify for the loan:
- Single or married and filing separately: $100,000 or less
- Head of household: $160,000 or less
- Married Joint Filing: $200,000 or less
According to the state, the exemption is reduced by 10% for every $1,000 earned above these thresholds.
Any Connecticut parent who has at least one child aged 18 or younger as a claim against their 2021 taxes is eligible to receive the child tax credit.
For more information on the Child Tax Credit program, contact the Connecticut Department of Revenue Services.
Gov. Ned Lamont said he expects payments in August.
To learn more about how to get the money, check out Nine Banks, which offers $1,500 in summer bonuses.
Also, find out how things stand on the prospect of a fourth federal stimulus check.