- Checks for up to $800 dollars will be sent to residents based where they live.
- Financial aid emerges as a way to help US residents cope with inflation.
- “People are paying more for everyday items like gas, groceries and rent,” the governor of Colorado acknowledged.
GOOD NEWS! Although a new federal stimulus check seems really unlikely, some city and state governments in the US have decided to help out their residents. This is why they will send checks for up to $800 dollars depending on where you live.
Colorado is one of the states offering payments and Governor Jared Polis recently announced a new aid program through which they will distribute economic stimulus checks of $400 and $800 dollars for eligible residents.
Colorado will send checks for up to $800 dollars
This new state aid, which they have called Colorado Cash Back arises as a way to help residents overcome the crushing inflation that’s been growing in the United States the prices of basic goods and services to skyrocket.
“People are paying more for everyday items like gas, groceries and rent,” Governor Polis acknowledged in an official statement. Inflation in the United States stood at 8.3 percent year-on-year last April.
The program works through a tax refund that will arrive directly in the mail in August or September and, although Governor Polis, hoped to deliver a check to each Colorado resident, this money will go to the lowest-income taxpayers, according The Sun.
“Instead of the government sitting on money that Coloradans earned, we want to give everyone cash back as quickly and easily as possible to provide immediate relief and empower people to do what they want to with their money,” added Polis.
Who is eligible?
To qualify for checks between $400 and $800, people must meet certain requirements such as: being full-time residents of the state of Colorado and filing a tax return before Tuesday, May 31, 2022.
The authorities detailed that those eligible couples who file a joint tax return could receive a check for up to $800 while the single taxpayers could receive a check for up to $400. They hope to be able to deliver the aid to approximately 3.1 million people.
Help to deal with inflation
“Coloradons are facing high rates of inflation and a rising cost of living, and they are feeling the pressure,” said Colorado Senate President Steve Fenberg. “This year, we can extend much-needed support to families and individuals in the form of direct help to taxpayers.”
“We’re helping Coloradans deal with this difficult time by putting money right back into their wallets,” Fenberg said about the $800 rebate that millions of Coloradans will receive this summer.
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