Given that they are still battling escalating costs as 2022 draws to a close, many Americans will be unsure whether they can anticipate any financial relief in the upcoming year.
Although the federal payouts have long expired, several states that joined the game later are still dispersing stimulus checks. A few states still have payments due in 2023, even though several programs are set to terminate in 2022.
Illinois Tax Rebate
In 2023, Illinois residents who qualify might get two payments: a property tax refund and an income tax rebate. Only residents with an adjusted gross income of under $200,000 in 2021 are subject to income tax at $50.
You must be an Illinois resident who paid property taxes on your primary residence in 2020 to be eligible for the property tax rebate, which is worth at least $300.
Illinois taxpayers: Keep an eye on your mailbox or your bank account for your rebate check from the state of Illinois. It will come whichever way you paid your state taxes, electronically or through the mail. #twill pic.twitter.com/9aaCJYYaRl
— Illinois Comptroller (@ILComptroller) October 20, 2022
Additionally, your 2021 Illinois tax return’s adjusted gross income must be $250 000 or less. As per the Illinois Department of Revenue, rebates started to be given out the week of September 12, although it will take some time before they are distributed.
Colorado And Idaho Tax Return
Earlier this year, Governor Jared Polis passed a bill into law providing Coloradans with a tax credit of $750 for single filers & $1,500 for filing jointly.
Get $750 cash back this fall through the Colorado Tax Rebate. Colorado residents who file their state tax returns by October 17th, 2022, will get a check in the mail for at least $750 in December 2022. Haven’t done your taxes yet? Get started at https://t.co/OFBnir26vm pic.twitter.com/G9QBcY8x4B
— CO Dept of Higher Education (@CoHigherEd) August 18, 2022
Although the majority of citizens of Colorado have already received tax rebates through the Colorado Cash Back program, individuals who requested an extension & filed their state return of income by the deadline of October 17 will obtain their refund by January 31.
Full-time Idaho citizens who paid taxes in 2020 & 2021 are qualified and will get a refund equal to 10% of the tax paid on their 2020 income, up to a maximum of $300.
The state of idaho is giving people a $300 tax rebate because of inflation but, like, isn’t that just going to make inflation worse? pic.twitter.com/w57UjhOrvK
— Ben Dreyfuss (@bendreyfuss) October 23, 2022
A minimum of $600 will be given to joint filers. According to the Idaho Tax Commission, processing of the rebates began in September and will proceed through early 2023 as more people file their taxes and qualify for the payout reports Newsweek.
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