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Inflation relief checks by state live online update: California, Florida… | Middle-class tax refund, payment – AS USA

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Update:

Thanksgiving is over meaning Black Friday is here. Shoppers may spend less than previous years as they are under the inflationary cosh.

Thanksgiving not a time of happiness for many

Though people will be trying their best to enjoy Thanksgiving, it is no secret that challenging inflationary conditions means it could put many people under pressure.

The American Farm Bureau Federation (AFBF), a farm industry insurer, has been measuring the cost of a Thanksgiving meal since 1986. It includes the price of 12 ingredients of your average Thanksgiving dinner.

According to their calculations, the combined cost of the ingredients has risen in one year from an average of $53.31 to $64.05, factoring in enough food for 10 people. This represents a 20% increase in addition to the 14% increase from 2021.

Are banks open on Black Friday 2022? Opening and closing times

US NEWS

Are banks open on Black Friday 2022? Opening and closing times

Black Friday is now considered an integral part of Thanksgiving celebrations for millions of people; marking the start of the build-up to Christmas and a shopping bonanza of cut-price deals and tasty offers. However,  Black Friday is not a federal holiday.

As such, businesses do not give employees the day off as standard and federally-organised services, such as schools, the US Postal Service and public parks will all follow normal operating hours. Banks will be open as normal on Black Friday.

Watch out for Californian inflation relief scams

If you still haven’t received your Middle Class Tax Refund payment from the state of California, that is likely because you will be receiving the support in the form of a pre-paid debit card. The physical cards are being sent out at the moment, but California officials have warned members of the public to be on the lookout for fraudulent cards. 

Here’s what you need to look out for…

I’m completely confident my plan is legal… But right now it’s on hold because of these lawsuits. We’re not going to back down though on our fight to give families breathing room.

But it isn’t fair to ask tens of millions of borrowers eligible for relief to resume their student debt payments while the courts consider the lawsuit.

ICYMI: Biden extends student loan moratorium

President Biden was under pressure ahead of the 2022 midterms to build support amongst potential Democrat-leaning voters at a time when inflaiton was causing chaos in the country. Rapid price rises were devaluing salaries and the most vulnerable were suffering the most. 

To ease the financial burden that student loan borrowers face, Biden approved a huge Student Loan Forgiveness package worth up to $20,000 per borrower. That program has been held up with legal challenges but the White House has acted to extend the student loan moratorium through June 2023, giving borrowers some extra breathing space. 

California inflation relief payments schedule: When will the remaining recipients get their checks?

INFLATION RELIEF

California inflation relief payments schedule: When will the remaining recipients get their checks?

The California Franchise Tax Board (CFTB) has sent payments for the Middle Class Tax Refund to over 17 million Californians. The inflation relief payments, which range from $200 to $1,050, are being sent as either direct deposit or debit card.

While those receiving the direct payment to help with the rising cost of living should have already seen the money deposited in their account, the last payments were scheduled to be issued 14 November, the mailing of debit cards follows a separate schedule. The agency responsible for disbursing state tax refunds has finally posted the complete payment schedule.

California inflation payment payment schedule

It is thought that close to 23 million Californians are eligible to receive a one-off payments known as the California Middle Class Tax Refund. The payments, worth up to $1,050 per person, are designed to offset the rapid rate of inflation experienced throughout 2022. 

The distribution process began weeks ago but is expected to continue into the new year. The scale of the initiative is so far that state officials are sending out the support in a series of payments. 

Welcome to AS USA!

Good morning and welcome to AS USA, your one-stop-shop for financial news and inflation payment updates on Black Friday.

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