US taxpayers have two weeks to claim summer stimulus checks worth up to $800.
Payments will be made to families who file their tax returns by May 31.
The cash back, which comes from a tax refund, will help about 3.1 million Colorado residents, Governor Polis announced April 25.
Payments will be worth $400 for individuals and $800 for co-registrants.
The discounts are meant to offset inflation, which has wreaked havoc on Americans’ wallets.
The consumer price index (CPI) came in at 8.3% in April, a few points higher than what experts had predicted.
“People are paying more for everyday items like gas, groceries and rent through no fault of their own,” Polis said in the announcement.
“Instead of the government sitting on the money Coloradans have earned, we want to give everyone cash back as quickly and easily as possible to provide immediate relief and allow people to do what they want with it. their money.”
Who is eligible?
To be eligible for payments, you must be a full-time resident of Colorado.
Information from 2021 tax returns, which must be filed by May 31, 2022, will be used to process remittances.
Eligible taxpayers can expect to receive their check in August or September, depending on the state.
It is unknown if they will be released in multiple batches.
The Sun contacted the governor’s office for more information.
Fighting inflation nationwide
Various other states will send direct payments to eligible residents.
In Maine, about 850,000 residents are expected to receive $850 rebate checks, which could arrive in June.
This is part of the state’s $1.2 billion surplus budget.
Millions of Illinois taxpayers are also in line to receive payments worth up to $400 this year.
Governor Pritzker signed into law the state’s $46.5 billion 2023 budget on April 19.
And in Delaware, 600,000 people will receive reimbursements worth up to $600 in weeks.
Direct payments will be made to residents who have filed a 2020 Delaware tax return.
For more consumption, child tax credits of up to $3,600 are now available to low-income families.
Plus, see 24 states offering a universal basic income.
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