IIt is becoming more expensive to live in the United States, with inflation rising at a time when there is also the impact of the COVID-19 pandemic and Russia’s invasion of Ukraine. Some state governments have sought to introduce programs that help citizens who need it most by introducing a possible gasoline stimulus check, inflation stimulus payments and more.
In this live blog, we will have the latest financial news and information coming from the US.
Tax refunds: these are the reasons for the delays
There are about three more weeks left to file your tax return or request an extension; the deadline to file taxes is April 18. If you’ve already filed your tax return and are waiting for a refund, it should arrive in about 21 days if you used direct deposit and filed electronically.
Read more about Taxes devolution
Social Security Income: How to calculate how much you receive?
It can take months to get approved for Supplemental Security Income (SSI) benefits. The Social Security Administration (SSA) administers the Supplemental Security Income (SSI) program, which provides cash benefits to people with disabilities who require income assistance.
You may be entitled to back pay for the months you were waiting for approval.
Read more about how much you may be entitled to
the Free Application for Federal Student Aid (FAFSA) It is a program funded by the united states federal government which gives students the opportunity to apply for some federal aid.
All students are encouraged to complete and submit this application as there are many people who receive some financial helpwhile also helping universities determine how much financial support they should offer.
Read more about 2022 FAFSA.
How to get a tax extension in 2022
The deadline to file your federal income taxes is fast approaching, and they must be filed by April 18, 2022, but you can get an extension to October 17, 2022 by filing IRS Form 4868.
You’ll still need to pay your taxes before this date to avoid a penalty, so it’s recommended that you pay at least 90 percent of your actual tax liability before the due date.
Learn more about how to get a tax extension in 2022.
What day of the week is gasoline cheapest in the United States?
the average price of gasoline in the United States has been more than four dollars in March, leading many Americans to wonder how they will continue to run their vehicles.
However, there are some simple methods you can follow to try and bring down the gasoline pricelike choosing the cheapest day to go buy gasoline.
Read more here about the cheapest day to go buy gasoline.
Inflationary Stimulus Payments
There are nearly a dozen states in the US that have so far decided to use their budget surplus to issue a inflation stimulus checkthe amount of which varies from state to state.
the inflation rate in the US is the highest in 40 years and the objective is that this money serves to give a boost to many citizens, although in all cases it is less than An additional $2,000 the average citizen is expected to pay this year due to the rising costs of everything around them.
Read more here about inflation stimulus checks.
Will there be a Gas Stimulus Check?
Recently there has been a sharp increase in the price of gassince the increase in inflation and the invasion of Ukraine by Russia has caused an increase in the cost of gas.
Therefore, the hope is that the Gas Rebate Act of 2022 will be approved and this will send refunds of 100 dollars a monthin addition to $100 for each dependentto taxpayers who live in areas where the the average price per gallon is above four dollars.
Read more here about the possibility of a gas stimulus check.