More than a dozen states have introduced new programs this year to provide taxpayers with stimulus payments, tax rebates, or relief payments. The payments, which are being funded mostly by tax revenue surpluses, are being distributed according to the criteria established by each participating state.
About 1.6 million taxpayers will get additional payments this month from the Internal Revenue Service (IRS) to make up for late-filing penalties assessed for tax years 2019 and 2020.
While several of these programs have previously disbursed funds to those who are entitled to them, there are still many beneficiaries who have yet to receive their share. Read on to find out if you’re one of the fortunate people who will be getting a financial boost this coming autumn.
Colorado
The Colorado Cash Back tax rebate bill, which allotted $750 for single filers and $1,500 for joint filers, was signed into law at the end of May. By September 30th, rebates will be sent out automatically to eligible Coloradans, per the state’s Department of Revenue.
No more action is required from you if you have already submitted your Colorado state income tax return. The due date for filing state returns to earn the rebate was June 30, however late filers who submit their paperwork by October 17 will get their money back by January 31, 2023. The vast majority of refunds will be paid by direct deposit.
California
As one of the few states to provide two waves of state stimulus cheques during the pandemic, California is rewarding qualified taxpayers with refunds of much to $1,050 this fall. The dates of payment issuance range from October 22nd, to February 1st, 2023.
This refund is available to residents who submitted their 2020 state tax returns by October 15, 2021, and whose adjusted gross incomes were within the specified ranges. To qualify for at least $200, you must file your taxes as head of household or jointly and income less than $500,000. Anyone filing as a single taxpayer and making less than $250,000 per year is eligible for a minimum of $200.
Florida
The state of Florida has announced that low-income children and their families would receive a $450 one-time payment. Eligible families who have not yet received their payments could expect to do so by September 30th, thanks to the state’s $35.5 million allocation from the American Rescue Plan Plan Act.
Foster children, children in the state’s Guardianship Assistance Program, children in non-parental care, and children from TANF-eligible households are all eligible.
Georgia
Taxpayers in Georgia may be eligible for a refund of all or a portion of their 2020 state income taxes under House Bill 1302, which was passed in response to a state revenue excess.
Between $250 and $500 may be available to you, depending on your tax situation. State refunds for 2021 tax returns submitted by April 18th were distributed beginning in August.
Hawaii
Any Hawaii resident who files their 2021 state tax return by December 31 will be eligible for a refund of $100 to $300, depending on their federal adjusted gross income and filing status. In most cases, the ceiling applies to single taxpayers making less than $100,000 a year, head of household filers making less than $150,000 a year, and married couples filing jointly making less than $200,000.
Idaho
This year, Idaho passed two separate tax rebates. In order to qualify for a tax refund in Idaho in 2022, you must be a current resident who has lived in the state for the entirety of tax years 2020 and 2021, have spent at least 270 days in Idaho, and have filed your forms by December 31.
The first rebate is a lump sum equal to twelve percent of your Idaho state taxes paid in 2020, or $75 for each qualifying individual and dependent claimed on your tax return. The first of these payments was out in March, and the state continues to make them when it receives tax returns.
However, in 2022, Idaho will offer a credit of $300 for single filers and $600 for married couples.
Illinois
Starting this month, Illinois residents will begin receiving property tax rebates and income tax rebates as part of a bigger consumer relief program announced in June.
Property owners who qualify will get up to $300, the amount of the state property tax credit they claim on their 2021 tax returns. For married couples filing jointly, the rebate threshold is $500,000, whereas for single filers it’s $250,000.
Maine
The state of Maine offers one of the largest stimulus payments in the country to its inhabitants, with $850 for single filers and $1,700 for couples.
If you live in Maine and file your 2021 income taxes by October 31 and make less than $100,000 as an individual, less than $150,000 as a head of household, or less than $200,000 as a joint filer, you will get a stimulus check by a later date based on your filing status.
Massachusetts
In the spring, residents of Massachusetts were given $500 emergency aid cheques. Extra money is on the way to residents of Massachusetts thanks to a measure approved by voters. State income tax in 2021 is estimated to amount to almost 13% of total taxable income.
It is anticipated that distribution will begin in the month of November, though exact dates have not been determined as of yet.
New Jersey
The Garden State’s Middle-Class Income Tax Rebate, which was passed last year, would provide $500 in child tax credits to filers who claim at least one dependant on their 2020 tax returns. If you have at least one qualifying child, owe more than $1 in taxes, and have an AGI that doesn’t exceed $150,000 (joint filers) or $75,000 (individuals), you may qualify for the rebate.
Homeowners and renters in New Jersey will get a total of $2 billion in property tax relief this year because of the ANCHOR program.
There will be a $1,500 credit for homeowners with annual incomes up to $150,000 and a $1,000 rebate for those with annual incomes between $150,000 and $250,000.
New Mexico
This year, New Mexicans, both taxpayers, and non-taxpayers have access to a variety of refunds meant to ease the burden of rising prices.
Those who did not file a state income tax return in the past may be able to do so in 2021 and still receive a refund. Tax Help New Mexico is conducting workshops this autumn for those in need of assistance.
California’s Inflation Relief’ Stimulus Checks start arriving October 7th. #ThanksDemocrats pic.twitter.com/g8TPG7vN4M
— TB (@YnotBro) October 1, 2022
Pennsylvania
There will be a reimbursement this month for senior citizens and people with disabilities who filed taxes in Pennsylvania. Taxpayers must be either 65 or their spouse’s age or older and a homeowner in order to qualify. Disabled adults of any age are welcome to apply.
According to the frequently asked questions section of the Pennsylvania Department of Revenue, if you met the eligibility conditions and claimed the state’s earlier 2021 rebate, you will receive 70% of the original rebate. Accordingly, if you qualified for the maximum rebate of $650 in 2021, you will only receive $445 this time around.
South Carolina
Taxpayers in South Carolina might get up to $800 back thanks to a bill that was approved in June. If you have already filed your South Carolina income tax returns for the year 2021, you are eligible to receive a refund of up to $800. Individuals will receive refunds based on their own tax obligations.
Virginia
Residents of Virginia who have a tax liability (the amount of tax you owe minus any credits) from the previous year are eligible to receive a lump sum payment of up to $250 for individuals and up to $500 for joint filers.
The deadline to file and be eligible for reimbursement is November 1st, and the state is giving payments out in the order it receives rebate claims. It is expected that refunds for those who submitted their forms by July 1 will begin arriving in late October.
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