Individual states received stimulus checks, just like common people did. Some state governments decided to distribute some of their stimulus money to locals. These 5 states continue to handle payments as February gets underway. Millions of citizens, nevertheless, have yet to see the extra money in their bank accounts for various reasons.
Colorado, Idaho, And New Jersey
The stimulus money for Colorado residents who asked for an extension to file their 2021 tax returns ought to arrive this week. Single filers must pay $750, and filing jointly must pay an additional $1,500, which can be used to pay bills or put money away for an emergency.
Idaho legislators held a special session to approve a rebate, but residents won’t receive it until the end of March. Individuals who submit a single tax return will get $300 or 10% of their 2020 revenue tax debt, whichever is higher.
The maximum for joint filers is $600 or 10% of their 2020 income tax owed, whichever is higher. The end of May is the deadline for New Jersey residents to decide what to do with their property tax refunds.
While homeowners making between $150,000 and $250,000 are entitled to $1,500, those making up to $150,000 are only entitled to $1,000. Renters who make under $150,000 annually are eligible for a $450 reimbursement.
Pennsylvania And South Carolina
For refunds on property taxes or payments made in 2022, citizens 65 and older, widows as well as widowers 50 and older, and those with disabilities 18 and older are allowed to apply.
The tax bill for South Carolinians is going to be much lower this year.
South Carolina Republicans are on a roll and households across the state are reaping the rewards. pic.twitter.com/PbsKRkB2xq
— Republican State Leadership Committee (@RSLC) January 29, 2023
The maximum basic rebate is $650, while eligible homes may receive a bonus reimbursement of up to $975. South Carolina Residents in South Carolina have until February 15 to submit their 2021 state tax returns and qualify for a refund check worth up to $800.
The exact refund amount will be determined based on South Carolina’s income tax liability for 2021 fewer credits. If it seems strange that South Carolinians are submitting their state returns for 2021 at the same time that the rest of the nation is submitting their returns for 2022, the delay is due to Hurricane Ian.
The filing date was delayed to provide persons affected by the hurricane additional time to gather their records and file, which was originally scheduled for October 17, 2022, reports The Motley Fool.
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