Living in the United States is getting increasingly expensive, with rising inflation occurring at a time when the COVID-19 pandemic and Russia's invasion of Ukraine are also having an influence. Some state governments have looked to implement programmes that benefit the most vulnerable individuals, such as a prospective gas stimulus check, inflation stimulus payments, and more.
We'll have the most up-to-date financial news and information from the United States in this live blog.
How to request a 2022 tax extension
The time to file your federal income taxes is quickly coming, with the deadline set for April 18, 2022. However, if you fill out IRS Form 4868, you can seek an extension until Oct. 17, 2022.
To avoid a penalty, you must pay your tax before this date, hence it is recommended that you pay at least 90% of your actual tax debt before the deadline.
In the United States, what day of the week is the cheapest for gas?
In March, the average price of gasoline in the United States was more over four dollars, leaving many Americans wondering how they will continue to operate their vehicles.
However, there are some basic ways you may use to try to lower the price of petrol, such as going to the gas station on the lowest day of the week.
Stimulus Payments for Inflation
Almost a dozen states in the United States have elected to use their budget surplus to issue an inflation stimulus check, the amount of which varies per state.
The goal is for this money to provide a boost to many citizens, even though it is less than the extra 2,000 dollars that the average citizen is expected to pay out this year due to rising costs of everything around them. The inflation rate in the United States is at its highest level in 40 years, and the goal is for this money to provide a boost to many citizens, even though it is less than the extra 2,000 dollars that the average citizen is expected to pay out this year due to rising costs of everything around them.
Is a Gas Stimulus Check in the Works?
The cost of gas has recently risen dramatically as a result of rising inflation and Russia's invasion of Ukraine.
As a result, it is hoped that the Gas Rebate Act of 2022 would be passed, which will provide taxpayers with monthly rebates of $100, plus $100 for each dependent, if they live in locations where the average price per gallon is more than $4.