The Consumer Price Index (CPI) summary from the Bureau of Labor Statistics indicates that the year-over-year inflation rate was 6.5 percent at the year’s end, a decrease from November when this indicator was 7.1%.
Several states will continue to send inflation relief checks, stimulus cheques, or tax rebates in January 2023 & beyond, even though inflation has decreased. These payments were approved last year to help people suffering from high prices.
Colorado
Taxpayers who asked for a delay in filing their tax return 2021, due on 17th October, will get up to $750 by January 31 of this year.
Hawaii
Hawaii residents should get a $300 one-time tax refund if their income was under $100,000 in 2021 or $200,000 if they filed jointly. A payment of $100 is available to those who made more than $100,000 or $200,000 as a single person or as a couple. In contrast, taxpayers who filed their 2021 state tax returns between July 31 and December 31, 2022, will get a direct deposit up to 10 weeks later the department of tax accepts their rebate, or 12 weeks if they desired a physical check. Direct deposits started to be issued at the end of August.
South Carolina
In November, South Carolina taxpayers began receiving income tax refund checks up to $800. The end of 2022 should have seen refunds for taxpayers who submitted their 2021 tax returns by October 17, 2022.
You will get your refund in March 2023 if they submit their paperwork after the October 17 deadline for the extension but before February 15, 2023.
New Jersey
Affordable New Jersey Communities for Homeowners and Renters, a $2 billion tax relief program for property, will result in property tax refunds for about 2 million New Jersey homeowners.
Property tax refunds will total $1,500 for homeowners making up to $150,000 and $1,000 for those making around $150,000 to $250,000. (Tenants will receive $450 cheques for incomes up to $150,000.) The application deadline is January 31, 2023, and refunds are due in May 2023, reports As.
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