T2022 wasn’t particularly fun for countless United State Citizens due to the rampant inflation that plagued the country.
Not only is the country still feeling the effects of the COVID-19 pandemic, with shutdowns causing many supply chain issues, but the war between Russia and Ukraine and sanctions against the former drove up gas prices, directly impacting the inflation rate.
The inflation rate for August alone was 8.2% with the US Federal Reserve raising its target interest rate to 3-3.25% which means that more interest on the principal amounts is now expected.
These factors combined mean that the average American now finds themselves paying more for basic necessities like 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 ease the financial burden on their residents.
What countries offer stimulus payments in September?
Colorado
In Colorado, Colorado residents are scheduled to take a $750 or $1,500 deduction for spouses who file their taxes jointly for 2021.
Missouri
With gas prices in the country rising 25.6 percent from August 2021 to 2022, the state of Missouri is offering car owners a gas discount.
Residents must provide the following information to secure the discount:
- Vehicle identification number for their vehicle;
- gas sale date
- name and address ;
- the name and address of the seller;
- the number of gallons purchased;
- Number of gallons purchased and Missouri fuel tax collected, as a separate item.
Ohio
Ohio residents struggling with their energy bills can receive assistance through the Home Energy Assistance Summer Crisis Program.
The maximum income for one person is $22,540 with an additional $7,945 for each additional family member.
Capital One Payments
After a court settlement deemed the credit card company to be at the center of a massive data breach in 2019, Capital One is offering 25,000 settlement fees to nearly 100 million individuals in the United States.
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