Gas Stimulus Check
High gas prices have become a serious concern for many Americans. While they’ve surpassed $4 a gallon on average, some places have seen an even larger increase. To help reduce the financial burden at the pump, a few states are offering gas stimulus checks for their residents. Here’s everything you need to know about gas rebates and how they work.
How the gas stimulus check works
Currently, only a few states have implemented gas stimulus checks. To receive them, you must live in a state that offers them and meet certain financial criteria, which vary from state to state. While there are talks about federal gas stimulus checks for people throughout the country, nothing has been finalized yet.
What is the Gas Rebate Act of 2022?
The Gas Rebate Act of 2022 was introduced to address today’s high gas prices on a federal level. If it passes, eligible taxpayers would receive gas rebates of $100 per month as well as an additional $100 per dependent per month.
Are we getting a gas stimulus check?
These states are now offering or considering the gas stimulus checks:
- North Carolina
The city of Chicago has also started to issue prepaid $150 gas cards and prepaid $50 transit cards. As the soaring gas prices continue to take a toll on household finances, more states and cities may jump on board.
When will we get the gas rebate check?
While there is no specific date for when California residents will receive their gas rebate checks, some sources report that they’ll likely be distributed in October 2022. If the tax gas rebate proposal in North Carolina passes, eligible residents can expect their money by October 1st, 2022.
Am I eligible for the state gas rebate check?
To collect a gas rebate check, you must live in a state that offers them. Your income will also need to fall within a certain range. In addition, you’ll need to be a registered driver or have a car registered with the state.
Would I be eligible for the federal gas rebate check?
In the event that the Gas Rebate Act of 2022 does pass and the federal government sends out gas rebate checks, eligibility will be similar to previous stimulus payments. Married couples who file their taxes jointly and earn up to $150,000, as well as single filers who earn up to $75,000, would receive the full payment. There would be phase-out levels for higher incomes.
What to do if you’re not eligible for the gas rebate check
If you don’t qualify for a gas rebate check but need the money, consider these alternatives:
Get a fast cash loan
There are many lenders who offer fast cash loans to help you pay for gas. You can apply online and receive your funds quickly, that same day, within 24 hours, or in a few business days, depending on the lender.
Borrow money from family or friends
Some family members or close friends may be willing to lend you money if you’re struggling to fill up your gas tank. If you go this route, make sure you write out the repayment terms so that everyone is on the same page.
Get a side job
To combat the higher gas prices, you can pick up a side job and earn some extra money. You may deliver groceries, drive for a ride-sharing company, babysit, tutor, or do anything else that works well for your schedule and interests.
Use your credit card
You can always put your gas payments on your credit card. Try to use a card that offers rewards like cash back, gift cards, or travel points. Also, do your best to repay your balance in full every month.
You can still get fast funds if you’re not eligible for the gas stimulus check
If you don’t qualify for a gas stimulus check, Advance America loan is worth considering. It can give you the quick cash you need to fill up the pump. We offer a number of loans including payday loans, installment loans, title loans, and lines of credit. You may apply online and get your funds quickly, sometimes within 24 hours. Visit Advance America today to learn more.