Even if the pace of inflation has gradually decreased in recent months, direct payments through checks from the government will provide more money to millions of Americans in the coming year.
Several states are giving relief payments beginning next week and continuing until March 2023.
Alaska – $3,284 by mid-January
Since the fall, Alaska has been providing support to its citizens, and it will do so again this month through checks.
The state compels residents to apply yearly for a Permanent Fund Dividend (PFD), which distributes an amount of oil earnings to Alaskans.
It was worth $3,284 in 2022.
The Department of Revenue has provided a payment schedule for some organizations that are still waiting for their 2022 PFD, even though applications for last year have yet to be processed.
For instance, if your dividend application status is “Eligible-Not Paid” on January 11, 2023, the money will be distributed on January 19, a Thursday.
The following dates will show the distribution of the next round of $3,284 checks over the next two months.
February 16 PFD payment: “Eligible-Not Paid” status on February 8.
March 16 PFD payment: “Eligible-Not Paid” Status on March 8.
Alaskans have until March 31 to apply before claiming the 2023 PFD.
Idaho – $300 to $600 by January
Residents of Idaho continue to receive tax refunds in January through checks.
Residents who filed taxes for 2020 and 2021 are entitled to a tax credit of either $300 or 10 percent of the tax they paid on their 2020 income.
Whichever is greater will be given to the filers.
Co-filers will receive $600.
Tax returns for 2020 and 2021 must be submitted by December 31, 2022, to be eligible for a reimbursement.
Additionally, you had to have lived there both of those years for the entire year.
The Idaho Tax Commission mentioned that reimbursements are being distributed at a rate of around 75,000 each week.
It plans to send around 800,000 payouts by March 31.
Online rebate status checks are available for residents of Idaho.
California – $200 to $1,050 by February
The Sun said Taxpayers in California still receive one-time payouts ranging from $200 to $1,050 as part of the Middle-Class Tax Refund program.
A debit card, instead of checks, will be delivered to Californians who updated their bank information after submitting a 2020 tax return between December 17 and January 14.
While Californians who moved since submitting their 2020 tax return will receive a debit card in the mail between January 30 and February 14 if they altered their address.
Californians are entitled to a refund if:
- 2020 tax return submitted before October 15, 2021;
- Meet the CA AGI (California Adjusted Gross Income) restrictions;
- Lacked the eligibility requirements to be claimed as a dependent for tax year 2020;
- A resident of California for six months or more of the 2020 tax year;
- Must be a California resident at the time the payment is made
South California – up to $800 by March
Taxpayers in South Carolina are still eligible for a one-time reimbursement of up to $800 through checks.
A second wave of rebates will be given, with payments being made in March 2023 for tax returns submitted by February 15, 2023.
Your tax due is calculated as your income tax liability minus applicable credits.
The Sun said those in South Carolina are qualified if:
They submitted their 2021 state individual income tax return by February 15;
They have a pending individual income tax liability for tax year 2021; and
A full-time, part-time, or non-resident in South Carolina;
Rebates depend on the 2021 tax burden up to a certain amount,
The rebate cap, or the highest amount of rebate a taxpayer may receive, is $800.
The reimbursement will be equivalent to your tax liability if it is less than $800. But you will receive a reimbursement of $800 if your tax liability exceeds the $800 limit.