The coronavirus epidemic of March 2020 caused the full collapse of the American economy. Almost immediately, the U.S. government launched a number of programmes meant to aid both businesses and consumers.
Though federal funding has been cut off for quite some time, several states that joined later are continuing to provide funding. Some states will continue get funding after 2022, when many programmes are scheduled to stop. The states that have outstanding debts as of January 1, 2019 are detailed below.
There will be a maximum payout of $1,050 in California’s inflation relief programme in the year 2022. The bulk of these settlements have already been made. The state estimates that just about 5% of the payments will be made before January 15, 2023.
The minimum rebate is 0, although it might go up or down depending on your household’s income, the number of persons living there, and your tax filing status.
Single individuals making over $250,000 or married couples making over $500,000 are not eligible.
By September 30, 2021, residents of Colorado who submitted their taxes on time could expect to get $750 for individuals and $1,500 for couples. As of January 31, 2023, payments were planned to be made to those who requested an extension by October 17.
Rebates were passed by the Idaho legislature in 2022 and will be distributed by the end of March 2023. A single filer will receive $300 and a married couple will receive $600, or 10% of their 2020 income tax bill, respectively. The state Tax Commission is planning to send out roughly 800,000 payments totaling up to $500 million.
A New Jersey
There will be a $2 billion rebate on property taxes for New Jersey’s two million residents. In this case, the rebate is income-dependent.
Those with annual incomes up to 0,000 receive ,500, while those with incomes between 0,000 and 0,000 receive ,000.
Renters with annual incomes of less than $150,000 are also eligible for the $450 grant. The last payment is due by May 2023.
Pennsylvania will begin making payments to eligible retirees, homeowners, and handicapped individuals in July 2022; however, the deadline to submit a claim is December 31, 2021.
All that is needed is for eligible residents to submit their documentation by the due date, and they’ll continue to receive their payouts through 2023.
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For those who qualify for the state’s supplementary rebates, which are computed individually, the total reimbursement amount may be as high as $975, which is more than double the usual rebate of $650.
To the South
Starting in November 2022, qualified residents of South Carolina will receive checks in the amount of $800. Those who filed their taxes by October 17 will receive their refunds by the end of 2022.
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Those whose returns were received after October 17 and before February 15, 2023, will have their funds dispersed in March 2023.