Despite a drop in the unemployment rate to 3.5% in September, inflation remained close to a 40-year high. Many families are forced to live pay-check to pay-check as a result.
The IRS has made changes that may result in lower tax rates for many taxpayers the next year, but the federal government has no plans to distribute more stimulus funds.
However, 20 states have given or will give cash assistance. Even while these payments fall short of the federal stimulus checks, they may nevertheless be helpful to families that can't afford food.
In California's budget agreement, an inflation relief package includes the state's Middle Class Tax Refund.
You must submit an ANCHOR application to the Division of Taxation in order to get paid. The cutoff date is December 30, 2022.
State property tax reimbursements of up to $1,050 were given to homeowners. Checks were anticipated to arrive in June.