Up to $1,500 Worth of Payments to Be Offered by The Six States in Coming Months

According to Yahoo Finance on May 17, 2022, residents of six states in the US may be receiving extra pocket cash in the coming months. Many of these payments are part of programs that started in 2022 but will not fully wrap up until 2023.

In California, some residents are still waiting for their middle-class tax refund payments. To qualify, applicants must have been California residents for at least 6 months in 2020, have filed their 2020 taxes by October 15, 2021, and have earned less than $250,000 (single) or $500,000 (couple) per year.

Colorado residents who filed an extension for their payments will receive them by Jan. 31, 2023. These payments will be worth either $750 for single filers or $1,500 for joint filers.

Idaho will pay rebates of $300 for single filers and $600 for joint filers, or 10% of the tax amount reported on a taxpayer’s 2020 income tax liability (whichever is greater), to around 800,000 taxpayers by March 2023, totaling up to $500 million.

New Jersey homeowners and renters with an income below certain limits can receive rebates of $1,500, $1,000, and $450, respectively. Approximately 2 million residents will qualify, and the rebates will be paid by May 2023.

Residents of Pennsylvania who are eligible can apply for a property tax or rent rebate until the end of the year. The income limit for homeowners is $35,000 per year, and for renters it is $15,000 per year. The maximum rebate amount is $650, but those who qualify for additional rebates may receive up to $975.

In South Carolina, residents who file their Individual Income Tax Return on time will receive a rebate based on their 2021 tax liability. The rebate will be equal to the tax liability if it is under $800. If the tax liability is $800 or more, the rebate will be $800.

Information regarding the program in six states is based on the report published by the Washington Examiner on December 15, 2022.