As 2022 draws to a close, many Americans will wonder if they can expect financial relief in the new year as they continue to struggle with high costs.

The IRS has already warned that the absence of federal stimulus payments in 2022 could affect refunds in 2023. agency last month. “Taxpayers will not receive additional stimulus payments with their 2023 refunds because there were no economic payments in 2022.”

Although there was no information about the payment of other federal stimulus payments, many states this year provided financial relief to residents in the form of discounts.

This is where the payments will come out in 2023.

California

More than 25 million Californians have benefited from a program called the Middle Class Tax Rebate, according to the state’s Franchise Tax Board. Earlier this year, the program authorized direct payments of up to $1,050 to help residents cope with inflation.

More than $7.5 million has been distributed through the program, but some won’t see their payments until January.

Californians who have changed their bank information since filing their 2020 taxes will receive a debit card that will be mailed between December 17th and January 14th. Debit cards for those who received the previous incentive payment will be sent on December 10th. will be released on January 14.

Colorado

Governor Jared Polis signed legislation earlier this year to provide a tax credit of $750 to individual clerks and $1,500 to joint treasurers.

While most Colorado residents have already received a refund under the Colorado Cash Back program, those who filed an extension and submitted their state income tax return by the October 17 deadline will receive the review on January 31.

Economic stimulus check is printed
A stock photo shows an economic stimulus check printed at the Philadelphia Financial Center on May 8, 2008. This year, many states have sent their residents tax credits. .
Jeff Fusco/Getty Images

Idaho

In September, Governor Brad Little signed into law a $500 million tax cut.

Full-time Idaho residents who filed taxes in 2020 and 2021 are eligible and will receive a refund of 10 percent of their 2020 income or $300, whichever is greater. The joint clerk will earn at least $600.

The Idaho Tax Commission said it began processing returns in September and will continue processing them through 2022 and early 2023 when taxpayers file their returns and receive the returns.

Idaho taxpayers can track their rebate status using the Where’s My Rebate tool at Tax.Idaho.gov/rebate.

Illinois

Eligible Illinois residents can receive two payments in 2023: an income tax credit and a homestead credit.

The income tax rate is $50—$100 for individual filers—but is payable to residents whose income is less than $200,000 in 2021. (under $400,000 for stockholders).

To receive the property tax credit, which is up to $300, you must be an Illinois resident who paid taxes in 2021 on your first residence in 2020. Also , the 2021 Illinois taxable income must be $250,000. or less ($500,000 or less for joint stockholders).

Refunds began being issued the week of Sept. 12, according to the Illinois Department of Revenue, but it will take several months for them to be released.

New Mexico

Residents of the state received financial relief in the form of two tax breaks spread over three payments.

The first sent $250 to single filers with a gross income below $75,000 and $500 to joint filers with an income of $150,000.

The second rebate, which had no income restrictions, was split into two and sent $500 to single filers and $1,000 to joint filers.

More than 2 million refunds were issued as of mid-August, but some may not have received theirs yet.

New Mexico residents have until May 2023 to file their 2021 income taxes and qualify for a refund, according to the state Department of Taxation and Revenue.

Pennsylvania

Pennsylvania sent a one-time payment to Pennsylvania seniors who are eligible for tax refunds or rent payments in 2021.

The maximum rebate is $650, but those who qualify for additional rebates can receive up to $975.

The income limit is $35,000 per year for homeowners and $15,000 per year for renters, and half of Social Security income is excluded. The deadline for applications is December 31st.

South Carolina

South Carolina lawmakers approved $1 billion in tax refunds this year.

The first round of refunds, which amounted to $800, was issued on October 17, according to the Department of Revenue. The second round will be released in March 2023 for taxpayers who file their taxes in 2021 until February 15.



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