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Although the federal government did not issue any economic impact payments -- aka stimulus checks -- in 2022, some states took it upon themselves to offer financial relief to eligible residents to...
The Internal Revenue Service (IRS) finally issued guidance regarding the federal tax status involving special payments made by 21 states in 2022, determining that taxpayers in many states will not...
Most taxpayers in the 21 states that sent out stimulus checks or tax rebates in 2022 don’t need to pay taxes on those payments on this year’s federal tax return, the Internal Revenue Service ...
Nearly 2 million residents who filed a 2021 tax return qualify for the rebate. Minnesota. One-time tax rebate payments of up to $1,300 per family started going out last week, according to the ...
For example, the Middle Class Tax Refund checks issued by California in 2022 are not treated as taxable income by the state, while the federal government’s Economic Impact Payments — or ...
The figure includes all Individual federal taxes and Corporate Federal Taxes, income taxes, payroll taxes, estate taxes, gift taxes, and excise taxes. This table does not include federal tax revenue data from U.S. Armed Forces personnel stationed overseas, U.S. territories other than Puerto Rico, and U.S. citizens and legal residents living ...
South Carolina: The state governor approved the tax refund for 2022 for state residents up to $800. Taxpayers only received the rebate if they incurred tax liability on their 2021 income tax return.
For the homeowner rebate, residents need to qualify for the 2022 School Tax Relief (STAR) program and have an income below $250,000 for the 2020 tax year and have a school tax liability for the ...