Gas Stimulus: Who Will Benefit as Gas Prices Rise?

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These prices are at an all-time high, and millions of Americans cannot afford them.

The Gas Rebate Act of 2022 was introduced by three members of Congress.

This would provide each American with $100 to offset the cost of gasoline.

gas inflation and stimulus

Individuals who file taxes may be surprised by $1,400 checks.

 

Who will perceive the gas stimulus?

Although the bill has not been approved yet, individuals must earn $75,000 or less to qualify.

Individuals earning between $75,000 and $80,000 will see a reduction in their tax.

Individuals earning more than $80,000 or $160,000 jointly will be ineligible.

Your income is determined by your most recent tax return on file.

Democrats support the legislation, but it is unknown whether Republicans will.

Currently, four states are offering gas stimulus money.

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This encompasses

  • New Mexico
  • Idaho
  • Georgia
  • Indiana
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