American Finances Updates: Latest on the $350 Rebate Check and the IRS Gas Prices Deduction

Hello everyone and welcome to a brand-new blog post from American Financial News to kick off the new week on Monday, June 20.

We'll utilize this space, as we do every day, to bring you the most recent money-saving advice to offset rising gas prices as well as information on the benefits programs being implemented all around the United States.

One of these plans is currently being discussed in Ohio, where one of the contenders for governor is reportedly offering a $350 rebate.

In addition, there are other benefit programs to be aware of, and we'll give you advice on how to obtain cheaper gas and extend the life of that gas.

Americans only saved 4.4 percent of their disposable personal income in April, compared to 12.6 percent in the same month last year.

Moreover, it is the lowest rate seen since September 2008, when the nation was still suffering from the Great Recession.

The government is considering a number of options to rein in inflation and the growing cost of gasoline, including pausing the federal gas tax.

The 401(k) plan is a workplace-sponsored retirement savings program that benefits both the employer and the employee in terms of taxes.