Jhe cost of living crisis in the United States led the federal government and many states to introduce programs to try to help low- and middle-income citizens, given the increase in gas prices and rise in inflation.
In our live blog this Friday, April 8, we’ll highlight the latest benefit programs that have been introduced to provide support to Americans.
Tax Rebates: Which State Will Send $500 Rebate Checks?
New Mexico residents will receive 500 checks in two installments over the next few months as the state seeks to ease the pain if the current spike in gasoline prices. In New Mexico, the average cost of gas is $4.14 per gallon, up $1.29 from last year.
Learn more here on tax refunds.
Soaring Interest Rates: What Impact Will It Have on You?
Interest rates are often the indicator of an economy’s performance or collapse, and as the United States seeks to recover from the fiscal chasm that has been COVID-19 and the shutdown ensuing, we see interest rates soaring in the country. Rising interest rates have hit homes, auto loans and bond yields, but how will that affect you?
Tax reporting: what is Form 1098-T and who can use it?
Tuition fees can be tough on families, students, and graduates and a burden on everyone involved, but if you’re a student, planning to go to college in the next few years, or have already graduated There are a number of qualified education credits which you need to think about.
Learn more here about Form 1098-T
Message from Bernie Sanders
US Senator Bernie Sanders has issued a message to Americans to rise up and fight for their rights as financial inequality in society has widened in the wake of the COVID-19 pandemic.
How to get my tax refund faster
There are still about 2.7 million tax returns from 2021 and 2.3 million returns from 2022 waiting to be processed, you may be wondering how to get your tax refund faster.
The average tax refund this year is at $3,352although this may be less than the April 18 deadline.
Learn more here on how to get my tax refund faster.
Supplemental Security Income
All parents who care child support can benefit from the Supplemental Security Income Payments.
There are ways that everything alimony debts can be gradually repaid through these payments, which could be a welcome boost for many.
Learn more here on Supplemental Security Income.
Child Tax Credit Verification
There have been discussions online about a Child Tax Credit Verification arriving in April, but there’s been some confusion over whether it’s a continuation of the expanded program or something entirely different.
Well, the short answer is that the payment that those discussing the April child tax credit check are referring to is the amount eligible parents or guardians will receive once their 2021 taxes are filed.
Read more here about the possibility of a final Child Tax Credit Verification.
Idaho stimulus check
Anyone who has been a full-time resident of Idaho in 2020 and 2021 and filed taxes in those two years should receive money from the Idaho State Tax Commission in the form of a tax refund.
There are $75 offered for each taxpayer and each dependant, or it is possible to receive 12% of their 2020 taxes. You will receive the higher amount.
Learn more here about the Idaho stimulus check.
New Mexico Tax Refund
There is a tax refund being introduced into New Mexicoas lawmakers signed a bill to see payments sent to residents, with the total sum amounting to $700 million.
If you are an individual adult, you may receive a $500 checkwhile households will get a $1,000 check.
Learn more here about the New Mexico Tax Refund.
When will my fourth COLA check arrive?
The next set of Social Security checks cost of living adjustment (COLA) payments will be released next week and that money will arrive on the second, third or fourth Wednesday of the month.
The date you were born will impact when you receive the check.
Learn more here on when my COLA check will arrive.