States with substantial budget surpluses have started providing residents with tax refunds or other types of financial aid as excessive inflation has put a burden on many people’s budgets. Since the fall, California has been providing rebates for $200 to $1,050.
Connecticut is giving awards to workers who put in long hours during the pandemic’s height. They are covered by the Premium Pay program of the state and range in price between $200 and $1,000.
Like California, Idaho will keep giving out refunds until 2023. They cost around $300 to lone filers and $600 to couples. The Emergency Energy Relief Plan, which Governor Janet Mills signed into law in January, will give citizens of Maine $450 winter stimulus checks.
Filing As The Head Of The Household For Stimulus Checks
Single parents are treated as the household’s head for taxation purposes. If you are a single parent, you can deduct $19,400 from your income as opposed to single taxpayers without dependents, who can only deduct $12,950. There are also different, more favorable tax brackets for households’ heads. You must check a box physically or let your tax preparer know if you are the head of the household to be recognized. Married people who pay more than fifty percent of their child’s expenditures are also regarded as heads of household, but only if they file their taxes separately from their spouse.
Changes To The State Minimum Wage In 2023
States in the US established their respective minimum wages for 2022. In the new year, several states have already made modifications.
The minimum wage in Florida is currently $11; however, on September 30, 2023, it will increase to $12. The minimum wage in Illinois is currently $12; however, on January 1, 2023, it will increase to $13. Starting in 2023, New Jersey’s minimum wage will increase from its current level of $13 to $14.
Beginning January 1, 2023, New Mexico will increase its minimum wage by 50 cents, from $11.50 to $12.00. Starting in 2023, Rhode Island’s minimum wage will rise from $12.25 to $13, an increase of 75 cents, reports Sun.
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