This Wednesday, March 30th, follow our live blog for the latest financial news and insights from the United States. We’ll keep you informed about the gas price crisis, general inflation, tax refunds, and the situation in Ukraine.
Gas costs and inflation are growing, making it a difficult moment for the US economy and millions of Americans. However, it is tax refund season, and some proposals have been made to send out Gas Prices Stimulus Checks worth up to $300 to poor families.
We’ll have updates on all of these items and more in our Wednesday, March 30 live blog on the latest American financial news and tips, including how the situation in Ukraine is unfolding and how it might affect the US economy.
$300 Stimulus Checks for Gas Prices
Given the recent spike in gas prices, California Democrat Mike Thompson, Connecticut Democrat John Larson, and Illinois Democrat Lauren Underwood have presented a bill that would provide up to $300 in Gas Prices Stimulus Checks.
Families could claim up to $1,000, while individuals could claim up to $100. However, only in locations where petrol prices remain above $4 per gallon would this be possible.
More Information on the Newest Details of This Gas Prices Stimulus Check Can Be Found Here
What is the EITC and how do I claim it? (EITC)
The Earned Income Tax Benefit (EITC) is a key tax credit offered by the US government to low-to-moderate-income families. However, many people who are qualified for this benefit are unaware of their eligibility or aren’t receiving the funds they are owed.
The IRS has advised anyone who believe they may be eligible for the EITC to double-check and make sure they are receiving the benefit. This can be done while preparing a tax return for 2021.
More information on how to claim the Earned Income Tax Credit can be found here.
Getting Your Tax Refund in 2022 ASAP
One piece of good news for Americans is that they will soon receive money that is properly theirs. This is because, once the 2021 tax returns are filed, the IRS will send out tax refunds.
You can track your IRS check if you need some more cash right now and want your tax refund as soon as possible.
More information on how to monitor your IRS tax refund and receive it as quickly as possible may be found here.
The possibility of a peace agreement between Russia and Ukraine is good news for the American economy.
Many of the current economic troubles in the United States may be linked back to the conflict in Ukraine and the sanctions imposed on Russia by countries, which had unintended implications in the United States.