A recent survey has found that despite the government’s efforts to provide relief to Americans through stimulus checks, tax rebates, and other programs, many are still in need of financial assistance. According to a report by Go Banking Rates on December 22, 2022, 62% of Americans would like to see more stimulus money in 2023 as the effects of the pandemic continue to be felt. While some programs have approved payments that will continue to roll out into 2023, many have come to an end. However, there is a chance that if the economy continues to struggle, Congress may pass additional relief measures.
Based on a report by Yahoo Finance on January 6, 2023, on the East Coast, some states are still offering stimulus programs that will extend into 2023. For example, Delaware’s Relief Rebate Program will provide residents who filed taxes in 2021 with a one-time payment of $300. Massachusetts has decided to distribute its $3 billion surplus from 2022 to residents in the form of tax refunds.
New Jersey residents can still apply for property tax refunds through the Affordable New Jersey Communities for Homeowners and Renters (ANCHOR) program. In Pennsylvania, seniors can still receive a refund of property taxes or rent paid through an ongoing program. And in Virginia, eligible taxpayers will receive a one-time bonus tax refund of $250 ($500 for joint filers).
It’s Important to note that these programs may change if the economy worsens, so it’s worth keeping an eye on developments in your state.