Although the federal government has ceased issuing stimulus checks to households in response to the crisis caused by the Covid-19 coronavirus pandemic, several states are about to send a fourth check to households in an attempt to mitigate the effects of inflation caused by the increase in the price of oil and the war on the other side of the world.
Only a select few individuals are eligible.
These payments could benefit 87 million residents, though not everyone will qualify.
The amounts approved will be significantly less than those approved during the pandemic, primarily to avoid aggravating inflation by injecting additional money into a market where supply is already less than demand.
In February alone, inflation increased by 7.9 percent, pushing consumer prices to a 40-year high.
Idaho, Georgia, Indiana, New Jersey, and New Mexico are the five states that previously agreed to send another stimulus check against inflation.
Meanwhile, California, Hawaii, Kentucky, Maine, Minnesota, and New York are considering the plan.
Governor Brad Little signed a bill last month that will provide $350 million in tax refunds to Idaho households. In Georgia, certain individuals who filed tax returns for the years 2021 and 2022 will receive refunds ranging from $250 to $500 for single taxpayers and joint filers, respectively.
Meanwhile, taxpayers in Indiana who filed their returns on time last year may qualify for a one-time $125 refund. In New Jersey, nearly one million eligible households will receive one-time refunds of up to $500.
Finally, married couples in New Mexico who file jointly will receive $500.