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HomenewsWhat You Need to Know About Your 2023 Stimulus Payment

What You Need to Know About Your 2023 Stimulus Payment

To combat the spread of the coronavirus, the American economy went into a full shutdown in March 2020. The government of the United States swiftly enacted a number of stimulus programs to help its citizens and the country’s businesses

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Despite the fact that federal funding has long since dried up, several states that entered the game later are still in the aid-providing phase. While numerous programs are scheduled to end in 2022, some states still have payments due in 2023.

Tax Refund in New Jersey

A total of $2 billion will be refunded to over 2 million New Jersey homeowners as a result of the state’s recent property tax reform.

Homeowners with annual incomes up to $150,000 receive a $1,500 reimbursement, while those with incomes between $150,000 and $250,000 receive a $1,000 rebate. To find out more, check out the site’s official webpage.
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Renters are also qualified for $450 as long as their annual income is below $150,000. The final due date for payments is May 2023.

Pennsylvania began making payments to senior renters, homeowners, and the disabled in July 2022, but the deadline to lodge a claim is December 31.

Those who meet the residency requirements and submit their paperwork by the deadline will get benefits through the year 2023. Although the whole normal refund is only $650, the state has set the maximum additional rebate at $975.

State of South Carolina Income Tax Return

South Carolina began issuing refund checks of up to $800 to qualified residents in November 2022.

Taxpayers who filed their taxes by the October 17 deadline will be reimbursed by the end of 2022, while those who filed after the deadline but before February 15, 2023, would receive their funds in March 2023.

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For the 2022 Special Session, Idaho authorized rebates that will be paid out by the end of March 2023. A refund of up to 10% of the taxpayer’s 2020 income tax liability, or 0 for an individual and 0 for a married couple filing jointly, will be issued.

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Reports from the state Tax Commission on Yahoo Finance indicate that up to $500 million might be distributed among 800,000 payments.


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