In reaction to the coronavirus epidemic, the American economy entered complete shutdown mode in March 2020. The American government quickly implemented several stimulus plans to aid consumers and businesses.
Even though the federal funds have long since expired, certain states that joined the game later continue to be in the phase of providing aid. A few states still have payments due in 2023, even though several programs are set to terminate in 2022.
New Jersey Tax Refund
Two million residents of New Jersey will get $2 billion worth of property tax refunds. Homeowners making up to $150,000 are eligible for $1,500 in rebate money, while those making between $150,000 and $250,000 are given $1,000. Visit the official site for more info.
As long as their annual income does not exceed $150,000, renters are also eligible for $450. Payments are expected to come by May 2023 at the latest.
The deadline to submit a claim is December 31, although Pennsylvania started delivering payouts to elderly tenants, homeowners, and disabled persons in July 2022.
For eligible residents who submit their documentation before the cutoff date, payments will continue into 2023 as well. The maximum additional rebate, as determined by the state, is $975, although the full standard refund is only $650.
South Carolina Tax Return
In November 2022, South Carolina started sending refund checks for up to $800 to eligible residents. Taxpayers who submitted their returns by the deadline of October 17 will get their payouts before the end of 2022, while those who did so after that date but before February 15, 2023, will get their reimbursements in March 2023.
Idaho passed rebates for the 2022 Special Session, which will be distributed by the end of March 2023. The refund equals $300 for individual taxpayers and $600 for joint filers, or 10% of the taxpayer’s 2020 income tax burden, whichever is larger.
According to the state Tax Commission reports of Yahoo Finance, approximately 800,000 payments totaling up to $500 million are expected to be sent.
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