
What Are Inflation Refund Checks?
Inflation refund checks are meant to counteract the increased cost of living and are distributed by the states. These checks do not come from the IRS, rather, they are a result of state budget surplus, taxpayer relief programs, and/or one-off legislative actions. To put it simply, these are meant to be refunds to qualified residents. The amounts differ from state to state and are subject to legislative approval. These refunds are not guaranteed, and thus payments are not issued yearly.










