The state of Massachusetts has announced that it will be providing a $2,400 cost of living relief payment to eligible residents in 2023, as inflation continues to rise. The measure is aimed at helping those impacted by the rising cost of living and will provide some financial relief to those struggling to make ends meet.
$2,400 cost of living relief will be given to residents in Massachusetts. (Photo: CNBC)
$2,400 Cost of Living Relief in Massachusetts
The $2,400 cost of living relief payment is part of a larger relief package aimed at helping residents and businesses in the state cope with the effects of inflation. The payment is intended to help those who are struggling with rising expenses, including housing, food, and healthcare. The Governor noted that the pandemic has had a lasting impact on the economy and that many residents are still struggling to recover.
According to a published article in The U.S. Sun, the $2,400 payment will be made to eligible residents in two installments, with the first payment set to go out in the coming months. The payment will be made automatically to those who qualify, so eligible residents do not need to apply for the payment.
The Governor emphasized that the payment is intended to help those who need it most, and urged residents to use the payment to cover essential expenses.
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Who Qualifies in the Cost of Living Relief
To qualify for the $2,400 cost of living relief payment, residents must meet certain criteria. The payment is available to individuals who earn less than $75,000 per year and couples who earn less than $150,000 per year.
Residents who are eligible for the payment include those who are currently receiving unemployment benefits, as well as those who are not. The payment is also available to undocumented residents who file taxes using an Individual Taxpayer Identification Number (ITIN), Yahoo News reports.
The Governor emphasized that the payment is intended to provide relief to those who have been hit hardest by inflation, and urged residents to use the payment wisely. She noted that the state is committed to providing support to those in need and that additional measures may be taken in the future to help residents cope with the rising cost of living.
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