How Much Would You Get
The Gas Rebate Act of 2022 would see some Americans receive a $100 check for every month left in the year when the average gas price is more than $4 a gallon. If you have dependents, you could receive another $100.
A sliding scale on your income is possible, with individuals earning less than $75,000 a year getting the complete $100. Youll see less of the rebate if your income is more than that.
According to the proposed bill, heres how the payments would be calculated:
- $100 for single filers earning less than $75,000 and phased out to $80,000.
- $100 for joint filers earning less than $150,000 and phased out at $160,000.
Even though the proposed Gas Rebate Act of 2022 hasnt gotten off the ground yet, it hasnt stopped some states from introducing their own relief plans.
Some states have looked toward a gas tax holiday to relieve some of the pressure and reduce prices. For example, California is temporarily scrapping its 13% sales tax on diesel, and five other states have done the same.
- California suspended the sales tax on diesel and will give inflation relief checks of up to $1,050 per family.
- North Carolina plans a one-time $200 check for all licensed adult drivers.
- Chicago has its own system, called the Chicago Moves plan. The city will hand out 50,000 prepaid $150 gas cards and 100,000 prepaid $50 transit cards.
Inflation Relief Checks: When Will You Get Yours
In light of elevated inflation and a summer travel season defined by record-high gas prices, some states are using budget surpluses or other means to lend a hand to struggling residents.
More than a dozen states are currently distributing payments or will start issuing rebates soon. In most cases, payments are contingent upon taxpayers having filed state returns. Those who requested filing extensions are typically still eligible but will receive payments later than those who paid their taxes on time. If you live in one of the following states, your check might already be in the mail.
Other Relief Measures Being Proposed Outside Washington
In California, Democratic state lawmakers announced a $400 gas rebate proposal for every taxpayer. The proposal would use $9 billion of the state’s budget surplus to provide the rebate, which is expected to cover the 51.1-cent-per-gallon gas tax for one full year of weekly fill-ups for a car with a 15-gallon gas tank.
According to WWLP, Governor Ned Lamont of Connecticut has called for a holiday from the states 25 cent-per-gallon gas tax, starting as soon as possible, and lasting through the end of June. However, state lawmakers say the proposal is political theater, and said they are looking for other ways to give people a financial break.
Onlookers stare at rapidly rising prices on Pennsylvania gas station sign
Onlookers gawked at rapidly rising prices on a gas station sign in Bethlehem, Pennsylvania, on March 7, 2022. Credit: Lehigh Valley with Love Media via Storyful
Governor Janet Mills of Maine has proposed increasing the states relief checks for residents to $850 in the face of record-high inflation and rising oil and gas prices.
“Inflation and increased oil and gas prices resulting from Putins invasion of Ukraine are hitting Maine people hard. This proposal will help Maine people grapple with these increased costs by putting money directly back into their pockets,” Mills said.
This story was reported from Los Angeles.
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Who Would Qualify For A Gas Stimulus Check
Heres the rundown: At a federal level, gas stimulus checks would go out to individuals making $75,000 or less and joint filers with a combined income of $150,000 or less.2 So just like with other stimulus checks, youll have to meet income requirements to qualify.
Now, anyone making more than those income limits would still get a gas stimulus checkbut for a smaller amount. And theres a cap to this thing too. The gas stimulus check wouldnt apply to individuals making $80,000 and above and joint filers making $160,000 or more.3
And were assuming youd probably need to have a drivers license or own a car toojust a hunch. Sorry, your kids bike and scooter dont count here.
All You Need To Know About Stimulus Checks Gas Prices Ctc And More In 2022
Despite inflation, the US economy has survived one of the worlds worst pandemics in history. Congress is unlikely to pass another stimulus check program for the majority of Americans, with the jobless rate currently hovering around 3.6 percent.
Despite this, speculations of a fourth stimulus check for Social Security recipients persist. Social Security benefits, which are paid to retirees and those unable to work due to a disability, are consistent, but they do not keep up with inflation. Rick Delaney, the president of The Senior Citizens League , wrote to Congress to request a one-time $1,400 stimulus payment for Social Security claimants. Since then, its been seven months.
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Two Major Gas Stimulus Check Or Rebate Bills Have Been Proposed In Congress What Are They And What Are Their Chances Of Passing We Took A Look
Gas prices in March reached record highs as the Russian invasion of Ukraine began to place major stress on international supply chains. Following the rapid increase in prices, inflation ticked up 1.2 percent as transportation costs across the market spiked.
Responding to these increases, various members of Congress introduced bills to send direct aid to families to bring down gasoline costs. California Congressman Mike Thompson, together with John Larson , and Lauren Underwood released a proposal that would offer a $200 gasoline credit for $100 to qualifying households who live in areas where the average price of one gallon of gas is over $4.00.
The Putin Price Hike is putting strain on our economy, and I am proud to be working with Reps. Larson and Underwood to introduce this legislation to provide middle-class Americans with monthly payments to ease the financial burden of this global crises, said Thompson.
At this point, the future of the bill is uncertain.
After the details of the proposal were made public, President Biden announced that the US would move to have one million barrels of oil released from the nations strategic reserves. The additional supply that has been flowing into the market has helped to bring down costs, supply chain disruptions occur, crude oil prices have started to increase once again.
Who would qualify?
Gas Stimulus Payments: When Will You Receive These Direct Payments
Although a fourth stimulus check was never approved by the federal government, a gas tax pause is expected to be discussed
Many states have already begun enacting their own legislation governing gas tax reductions or pauses.
There are currently 20 states where tax breaks have been suggested. Only seven states, though, have already given their approval for the pause.
Although California, Connecticut, Florida, Georgia, Maryland, New York, and Illinois have agreed to a tax pause, the nationwide average price of fuel, as of July 8, is 4.696 dollars.
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Federal And State Gas Stimulus Programme In 2022
The suspension will end on July 14, 2022.
In order to counteract the growing cost of gas, Illinois is providing people with gas and transportation cards.
They’re delivering this in the form of a gas refund instead of getting rid of the tax.
“Starting tomorrow, every Illinoisan will get tax relief on essentials: groceries, gas, your home, and back-to-school supplies, with even more tax relief going into effect next year,” said Illinois governor JB Pritzker on July 1.
From June 1, 2022, until December 31, 2022, the state’s fuel taxes will no longer be collected in New York.
Why Are Gas Prices So High
Oil is a traditionally volatile commodity since it trades on futures, not current prices. But high demand for crude oil and a limited supply pushed gas prices up to record levels this yearand the geopolitical situation exacerbated it.
During the onset of the Covid-19 pandemic, demand for gasoline plunged as stay-at-home orders kept people from hitting the road. Oil producers responded to the demand slump by cutting back on productionbut once lockdowns were lifted, there was a massive surge in demand, and not enough oil to keep up with it.
There was also a flurry of pipeline issues last year that contributed to a lag in oil production, including a cyberattack on the Colonial Pipeline that shut it down for six days, as well as a spill at another pipeline later in the year.
The war in Ukraine compounded these supply and demand issues. Russia, which produces about 10% of the worlds oil supply, is being heavily sanctioned by Western countries in particular, the U.S. has completely banned Russian oil imports. Cutting off the portion of the global oil supply chain means a relatively significant portion of supply is now gone, and countries are struggling to find alternatives.
In an effort to boost supply, President Joe Biden authorized the largest release of oil from global reserves in history. An analysis from the Department of Treasury estimates that the releases, both domestically and internationally, have reduced gasoline prices by up to as much as 40 cents per gallon.
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$300 A Month For Families
Under the bill, both joint and single tax filers would receive $100 each, while each dependent would also receive $100 each. In other words, a family with two kids could receive up to $300 a month in rebate checks.
The plan would work similarly to the three stimulus checks the federal government offered in 2020 and 2021 in that the payments would be aimed at low- and middle-class households. Single people earning less than $75,000 annually would receive the full $100 rebate, while the checks would be phased out for people earning up to $80,000.
Joint filers who earn less than $150,000 would qualify, with the payment phased out at up to $160,000 in household income, according to Thompson’s statement. The proposal doesn’t specify how the rebate checks would be paid for, and the text of the bill isn’t yet published.
Illinois Tax Rebate 202: Find Out If You Qualify For A Check
Income and property tax rebate checks are coming to millions of Illinois residents.
Dan is a writer on CNET’s How-To team. His byline has appeared in Newsweek, NBC News, The New York Times, Architectural Digest, The Daily Mail and elsewhere. He is a crossword junkie and is interested in the intersection of tech and marginalized communities.
Some 6 million Illinois residents will be receiving an income tax rebate, property tax rebate or both starting this month, thanks to Gov. JB Pritzker’s $1.8 billion Family Relief Plan. Checks started going out Monday, and distribution should finish by roughly mid-November, according to the Illinois Department of Revenue.
“There are those who might have sent those funds straight back into the pockets of the 1% and big corporations instead of to working families, but that’s not what good government does,” Pritzker said in a press conference.
Assistant Comptroller Kevin Schoeben told WICS TV-20 that the state was “working overtime” to get checks to eligible taxpayers. “It’s just the sheer volume that we have to release within that period,” Schoeben added.
The relief plan, which went into effect July 1, also includes a pause of the planned gas tax increase until January 2023 and a suspension of sales tax on groceries through July 2023.
Here’s what you need to know about Illinois state tax rebates, including who qualifies, how much you could get and how you’ll get paid.
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Rhode Island: $250 Rebate Per Child
Rhode Island will send a one-time payment of $250 per child, thanks to a state budget surplus.
Households can receive a payment for up to three dependent children. Those children must have been listed as your dependents on your 2021 federal and state income tax returns.
Taxpayers must earn $100,000 or less to be eligible for the payment.
Child Tax Rebate checks will be issued automatically starting in October 2022. Taxpayers filing their 2021 state tax returns on extension by October 2022 will receive their rebates starting in December.
Which States And Cities Are Giving Out Gas Stimulus Checks
Even though the federal government hasnt passed the Gas Rebate Act of 2022, some states are thinking about giving out their own gas stimulus checks. The list isnt very long, but heres who has jumped on the bandwagon so far to help people save money on gas with rebates.
California tried to make its own version of a gas stimulus happen. Governor Gavin Newsom wanted every California household with a registered car to get a $400 gas debit card. But that plan fell through, and the state compromised by pausing the gas tax on diesel fuel and by giving out inflation relief checks of $1,050.4,5
The Windy City is taking matters into its own hands and giving out its own version of gas stimulus checks in the form of prepaid gas cards. The city has 50,000 prepaid gas cards of $150 and 100,000 prepaid transit cards of $50 up for grabs.6 But theres one exception hereits all luck of the draw. Anyone whos interested has to submit their application on the Chicago Moves website to have a chance of being selected.
Theres a proposal on the table in North Carolina that would give $200 to every driver in the Tar Heel State. Residents would have to be at least 18 years old and have a drivers license .7
Dont see your state on the list? Check out our other list to see if your state is having a gas tax holiday instead. And heres a pro tip: You actually dont need a gas stimulus check or a gas tax holiday at all if you want to start seeing more of your money stay in your pocket . . .
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Gas Stimulus Check: Is Your State Considering A Gas Rebate
Here are the cities and states considering a gas rebate to help offset the high cost of gas
Filling your tank has been nothing short of painful in 2022. Average gas prices around the country went above $4 per gallon in March of this year before rising to an eye-watering high of $5.03 in June 2022.
Though prices have declined somewhat in July, reaching a national average of $4.35 as of July 25 according to AAA , the nearly 60-cent cost reduction per gallon is cold comfort for American motorists. When the cost of filling your tank rivals the price of a steakhouse dinner, its tough to cheer for incremental improvements.
Lawmakers have been working to provide some relief. In March, Representatives Mike Thompson of California, John Larson of Connecticut, and Lauren Underwood of Illinois introduced H.R.7143 , the Gas Rebate Act of 2022, which would provide Americans with a $100 energy rebate each month that national average gas prices exceeded $4 per gallon.
Unfortunately, this legislation hasnt yet passed the House of Representatives, let alone the Senate, so its unlikely that youll be receiving $100 per month from Uncle Sam anytime soon.
However, several states and municipalities are making their own gas rebate proposals, along with other forms of relief at the pump. Heres what you need to know about those proposals:
Who Would Be Eligible For A Federal Gas Rebate
As with the pandemic stimulus checks, compensation depends on income levels: Individuals earning less than $75,000 will get the full $100. The amount would diminish the more you earn, and individuals making over $80,000 wouldn’t be eligible for any rebate.
Joint filers earning less than $150,000 would receive the full $100, phased out at $160,000.
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The Gas Rebate Act Of 2022
The Gas Rebate Act of 2022 is legislation that would give a $100 monthly rebate to help Americans pay for high gas prices.1 The idea is that payments would continue throughout 2022 during any month when the national average gas price is $4 or more .
Democrats have talked about the Gas Rebate Act of 2022 throughout most of 2022, but so far, not much has happenedaka basically nothing. So before you head to the pump hoping to fill up on Uncle Sams dime, keep that in mind. Still, we all know the governments history of dishing out stimulus checks . . . so theres that. Stay tuned, and well let you know if the Gas Rebate Act of 2022 picks up any speed.
Idaho: $75 Rebate Payments
In February, Idaho Gov. Brad Little signed a bill that allocated $350 million for tax rebates to Idahoans. There were two criteria for eligibility:
- Full-time Idaho residency and filed 2020 and 2021 tax year returns, OR
- Full-time Idaho residency and filed grocery-credit refund returns.
The payments began in March. Each taxpayer received either $75 or 12% of your 2020 Idaho state taxes, whichever is greater . The rebate was applicable to each individual taxpayer and each dependent.
The tax commission first issued rebates to taxpayers who received refunds via direct deposit, then sent paper rebate checks.
In a special session on Sept. 1, Idaho lawmakers voted to authorize another tax rebate for all residents who filed state tax returns in 2020. Individual filers will receive $300, and couples filing jointly will get $600.
The funds come from the states $2 billion budget surplus. The payments are slated to roll out within weeks, according to a report by the Idaho Press.
State residents can also check the status of their rebate online.
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