Payments for California’s Middle-Class Tax Refund started hitting bank accounts and mailboxes at the beginning of October. Read more: Alaskans Receive Record Dividends of $3,284 2. For applicants requesting a paper check, distribution began the week of October 6. Recipients who elected to get their PFD and energy relief payment via direct deposit should have already received it via a single direct deposit on September 20. The increase is due in part to rising oil costs-the funds for the dividend come from investments made from a portion of state oil and mineral revenues. The Permanent Fund Dividend (PFD) surged this year, from $1,114 in 2021 to $3,284 per eligible recipient in 2022. But this year, they also got an extra $650 energy relief payment. Most Alaska residents receive an annual payment from the state’s Permanent Fund Dividend program. Here’s how those payments are coming along: 1. Nineteen states have approved legislation to get tax rebates flowing to their residents. Approved State Stimulus and Rebate Check Programs Here’s how state governments plan to bring taxpayers relief in a world of surging prices. “Plans focused on specific sectors or groups, such as gas cards or disbursements based on income thresholds, in theory could help ease the pain caused by prices of specific goods or services…without putting as much pressure on prices more broadly,” says Andrew Patterson, senior international economist at Vanguard. With little immediate relief from the federal government to respond to record inflation, 19 states are sending-or have already sent-payments to taxpayers.Īnd while some of these payments are for hundreds of dollars, they’re unlikely to have a big impact on inflation.
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