Since millions of people were forced into poverty or suffered a sharp decline in their income due to the COVID-19 pandemic, the landscape of US welfare on both a federal and state level has undergone a radical upheaval.
To help the population and businesses stay afloat, the US government created a variety of stimulus payments for each state. Many states distributed tax refunds & stimulus checks in 2022 to help citizens deal with rising prices. A few are still working on it, though most have completed mailing money to taxpayers.
Middle-Class Tax Rebates
This month, the state of California completed disbursing its “middle-class tax rebates.” The $2 billion property tax relief program for New Jersey won’t even begin disbursing funds until the spring.
California's Middle Class Income payment are coming to you on a 1099-MISC. It is not taxable to CA – but IS taxable to the IRS. Confirmed with IRS. Unless the IRS reviews this and issues any other guidance – DO report that income#TaxTwitter @IRStaxpros
— TaxMama® (@TaxMama) January 23, 2023
Millions of Californians obtained debit cards or direct deposits of up to $1,050 in inflation relief cheques. According to the state, the remaining was expected to be collected by January 15, 2023, which claimed that 95% of the money was paid by the end of 2022. Residents of California received different amounts according to their household size, tax-filing status, and income.
Amounts Received By Californians
Couples filing jointly who make under $150,000 annually and single taxpayers making less than $75,000 annually will each receive $350, with an additional $350 when they have any dependents.
The Chairman of California’s Joint Legislative Audit Committee wants the state auditor to look into the Middle Class Tax Refund program.
It’s had a series of issues since it began issuing debit card payments this winter. https://t.co/ces65Uioa7
— Ashley Zavala (@ZavalaA) January 23, 2023
Therefore, a married couple with kids may get as much as $1,050. Couples earning between $150,000 and $250,000 annually and single filers making between $75,000 and $125,000 annually will each receive $250, with an additional $250 if they have any dependents.
Therefore, a family with kids might get a total of $700. Couples filing jointly and individuals filing separately with incomes around $125,000 and $250,000 would receive $200. A family with kids in this category might get up to $600, reports CNET.