Inflation significantly affects daily life, influencing expenses ranging from grocery bills to rent payments. In response, the government has enacted the Inflation Relief Act of 2024, which aims to alleviate the financial burdens imposed by inflation on individuals and families. This document provides a comprehensive overview of the Act, detailing its provisions, implications for households, and guidance for beneficiaries. 1.Overview of the Inflation Relief Act of 2024 1.1 Definition of the Inflation Relief Act of 2024 The Inflation Relief Act 2024 is a legislative initiative intended to address the escalating cost of living attributable to inflation. It incorporates various measures…