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Many states had a budget surplus in 2022 or a surplus of money from COVID relief aid. This means a boon for many taxpayers who can expect on-time direct deposits well in advance of the holiday season. Yes we are already talking about the December holidays; when the first pumpkin spice hits store shelves, it’s time.
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Who can expect a surprise tax refund? How much is it going to cost? And when will you receive it? Find your state in the list below to find out which states are receiving stimulus payments, tax refunds or other relief in September 2022.
Aloha State residents will receive a one-time tax refund by direct deposit on Friday, September 9, 2022. Households earning less than $100,000 per year will receive $300 per person and households earning more than $100,000 will receive $100 per person.
Illinois residents could receive up to $400 in tax refunds starting next week, according to CNET. Individuals who earned less than $200,000 in 2021 and jointly filing couples who earned less than $400,000 will receive $100, plus $100 per dependent, up to a total of $400 per family.
California residents will have to wait a bit longer, with inflation relief checks being sent starting in October. Using the state’s $97.5 billion budget surplus, the state sends out debit cards or issues direct deposits to taxpayers based on their income and household size. Officially considered the “middle class tax refund”, the payments could total up to $1,050 per family. Refunds are calculated based on your 2020 tax returns, KTLA reports.
Taxpayers receive refunds of $750, or $1,500 for couples, who file jointly, through the state’s Taxpayer’s Bill of Rights, according to the Department of Revenue’s Taxation Division. Checks began sending out in August, but if you haven’t received yours yet, you can check the status by calling 303-951-4996.
Indiana residents will receive $325 per taxpayer due to higher-than-expected state revenue numbers, according to a report on Indystar.com. Those receiving their reimbursement by direct deposit should already have received it. A series of checks were due to be sent in August, but were delayed due to supply chain issues. The state is currently printing 1.7 million checks, which will be mailed out by October, according to CNET.
The Massachusetts State Auditor is still calculating how much taxpayers should receive from the state’s revenue surplus. The auditor will reveal the figure by September 20, 2022. Governor Charlie Baker estimates the surplus could be “north of $2.5 billion,” according to WGBH. Refunds of hundreds of dollars, based on the taxpayer’s income, could be issued this fall.
New Jersey homeowners and renters could receive property tax refunds based on their income. Homeowners earning up to $150,000 will see a $1,500 rebate on their property taxes. Those who earn between $150,000 and $250,000 will receive a $1,000 rebate, according to CNET.com. Tenants earning $150,000 or less will receive a check for $450. That’s the good news. The bad news is that New Jersey residents will have to wait a bit for that money. New Jersey State Treasury spokeswoman Jennifer Sciortino told Patch that the checks would arrive “no later than May 2023.”
Residents of Manhattan and other New York boroughs can expect property tax rebates of up to $150. Owners of single-family, two-family or three-family homes who earned less than $250,000 in 2020 are eligible for the rebate on their principal residence.
Homeowners in other parts of New York who qualify for a 2022 STAR credit or exemption and who had income of $250,000 or less in the 2020 tax year may also be eligible for a tax refund. tax, according to the Ministry of Taxation and Finance. Amounts vary, but look for checks to be mailed starting in late August.
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Under the Pennsylvania Property Tax/Rent Rebate Program, Pennsylvania residents age 65 or older, or age 50 and older and widowed, or age 18 and older with disabilities are eligible for an income-based tax refund. Pennsylvanians can receive a minimum of $250 and a maximum of $650. Residents must apply by December 31, 2022, here. According to the Pennsylvania Department of Revenue’s website, those who received a discount could also receive an additional one-time bonus, which is expected to be issued by check or direct deposit this fall.
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