Many Americans got rebates, one-time payments, tax refunds, or other kinds of stimulus funding last year in about half the states in the US. Even though federal funding has long since stopped, such state efforts provided much-needed support during a year of excruciatingly high inflation. The year 2022 marked the end of assistance for the majority of Americans shortly. This year, just a small number of states have similar plans on the table.
Nonetheless, several states are still disbursing funds from programs from the previous year, and a few more are still taking applications or acceptable tax returns. However, a long-awaited decision on how state stimulus payments from the previous year would be taxed will have the greatest impact on the majority of people in 2023. The IRS has recently demonstrated that it is not always a good idea to submit your taxes as soon as possible.
Stimulus Payments For Alaska
The state has opened the PFD filing period for 2023. Through March 31, residents may submit their applications online or in person at one of the state’s PFD offices. Applications for PFDs from 2022 and earlier years that are marked as “eligible-not paid” on 8th March will be granted on March 16. Applicants that are in the category “eligible-not paid” on 12th April will be awarded on April 20.
New Jersey
Applications for ANCHOR property tax reduction had to be submitted by February 28th for eligible New Jersey residents. Renters who qualify will earn $450, and homeowners who qualify could get up to $1,500. At the end of May, all payouts will be done via check or direct deposit.
New Mexico
Most of New Mexico’s 2022 refunds, which are worth up to $1,500, have already been distributed. But if they file a 2021 state income tax return by May 31, people who don’t generally file tax returns can still get refunds of $500 or $1,000, based on their claiming status.
South Carolina
By the initial deadline of October 17, 2022, the majority of qualified South Carolinians had already submitted the 2021 tax rebates and gotten their 2022 reimbursements. The rebates of up to $800 will, however, be given to individuals who opted for the disaster of Hurricane Ian assistance extension, which granted them until February 15 of this year reports Gobankingrates.
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