In response toin 2022, many US states are giving money back to their residents in the form of tax rebates or stimulus checks. One of the biggest paybacks kicked off this week in Colorado, where joint tax filers started receiving checks up to $1,500.
In May, Colorado Gov. Jared Polis signed legislation speeding up the release of the tax rebates. “Why should the government sit on your money for a year?” Polis told KKTV of the checks. “Let’s get it back quick, easy, as quick as possible.”
Illinois will start sending refund checks for as much as $400 in mid-September and California will issue a “middle-class tax refund”beginning in October. At least 16 other states have issued or will send out inflation relief payments. Read on to find out which states are giving back money, how much eligible taxpayers can expect to get and when they should arrive.
For more on economic relief, check out plans for, as well as and across the US.
Millions of Californians will receive inflation relief checks, with married couples with children getting as much as $1,050. The payments, coming out of California’s $97 billion budget surplus, are going out as direct deposits or debit cards, with the first payments going out as soon as October.
How much residents will receive is based on their income, tax-filing status and household size.
- Single taxpayers who earn less than $75,000 a year and couples who file jointly and make less than $150,000 a year will receive $350 per taxpayer and another $350 if they have any dependents. A married couple with children, therefore, could receive as much as $1,050.
- Individual filers who make between $75,000 and $125,000 a year — and couples who earn between $150,000 and $250,000 — will receive $250 per taxpayer, plus another $250 if they have any dependents. A family with children could therefore receive a total of $750.
- Individual filers who earn between $125,000 and $250,000 and couples who earn between $250,000 and $500,000 annually would receive $200 each. A family with children in this bracket could receive a maximum of $600.
Single taxpayers earning $250,000 or above and couples earning a combined $500,000 are ineligible for the payments.
State residents who have filed their 2021 return by June 30 will get a check for $750 by September 30, thanks to the 1992 Taxpayer’s Bill of Rights (TABOR) Amendment, while joint filers will get $1,500.
Gov. Jared Polis signed a bill in May to get refunds to taxpayers sooner, with many expected the second week in August.
“I’m excited to say the checks are in the mail!” Polis, a Democrat, told KKTV on Aug. 8.
Filers who received an extension and filed by the Oct. 17 deadline will receive their refund by Jan. 31, 2023.
Gov. John Carney signed a bill in April approving the Delaware Relief Rebate Program, a $300 stimulus check sent to all residents who filed their 2020 tax returns.
Even If you filed jointly, each person should receive a payment, which started going out in May.
Nearly 60,000 Florida families received one-time payments of $450 per child “to offset the costs of rising inflation, especially with a new school year approaching,” according to Republican Gov. Ron DeSantis.
To qualify, families must receive Temporary Assistance for Needy Families (also known as welfare), be a foster parent or a relative or non-relative caregiver or participate in the Guardianship Assistance Program.
You don’t need to apply for the benefit, which has been automatically mailed out to eligible recipients. According to the Florida Department of Children and Families, checks should have arrived in time for Florida’s “back to school” sales-tax holiday, held July 25 to August 7.
Gov. Brian Kemp signed a bill in March authorizing rebates to taxpayers who filed their state returns for both 2020 and 2021. Single taxpayers received $250 in May, with heads of households getting $375 and married couples filing jointly netting $500.
Partial-year residents, those who pay little or no income taxes, or individuals who owe taxes, child support or other payments may have received a smaller rebate.
The Department of Revenue started issuing rebates in May and, according to its website, most residents who filed their 2021 state return by April 18 should receive theirs by early August.
Residents who earned under $100,000 in 2021 — or $200,000 if they file jointly– will get a $300 tax rebate this year, with dependents eligible for the rebate, as well.
Individuals who earned more than $100,000 and couples who earned more than $200,000 will receive a one-time $100 payout.
According to the state Department of Taxation, payments should begin being mailed out in late August.
Gov. Brad Little signed a bill in February giving $75 to each taxpayer and dependent, or 12% of their 2020 state income tax return, whichever is greater.
Checks started going out in March. Residents can review the status of their rebate online.
Illinois’ estimated $1.83 billion relief package, which went into effect July 1, includes income and property tax rebates and a temporary cut in several sales taxes.
Individuals who earned less than $200,000 in 2021 will receive a $50 income tax rebate while couples filing jointly with incomes under $400,000 will receive $100. Filers can also earn $100 per dependent they claimed on their 2021 taxes, up to three dependents. In all, a family of five can earn as much as $400.
Comptroller Susanna Mendoza expects to start cutting checks the week of Sept. 12, the Illinois Department of Revenue told CNET in an email, with distribution finishing roughly eight weeks later.
Democratic Gov. J.B. Pritzker’s Family Relief Plan also includes several tax holidays and rebates, including a suspension of the state’s sales tax on groceries from July 1, 2022, through June 30, 2023, and a permanent expansion of the earned income credit from 18% to 20% of the federal credit.
Hoosiers are eligible for $125 rebates regardless of income, thanks to the state’s automatic taxpayer refund law,
Direct deposit payments started going out in May. Printed checks were slated to be sent in July but aren’t going out until August, “because the paper supply required was delayed,” Gov. Eric Holcomb said, Fox 59 reported,
Meanwhile, Holcomb has already called for a second round of payments — giving taxpayers $225 each, or $450 for married couples filing jointly.
Senate Republicans have pushed back with an alternate plan that would suspend the state sales tax on residential utilities for six months, including the 7% sales tax on electricity, water, gas, internet and phone bills.
Maine taxpayers who have filed their 2021 state tax returns and have an adjusted gross income of less than $100,000 are eligible for an $850 direct relief payment. Couples filing jointly will receive a single payment of $1,700.
Checks were expected to arrive before mid-July.
Gov. Charlie Baker’s plans for a one-time $250 rebate dried up, but taxpayers will likely still more than $2.5 billion in excess tax revenue back from the state.
Massachusetts law limits growth in state tax revenues to match wages and salaries — any excess must be refunded to taxpayers. Exactly how much is in the pot is unclear but, Baker said, “we think the number’s probably north of $2.5 billion,” WGBH reported. Baker estimates residents would get 7% of their 2021 state income tax payment returned.
For someone earning $75,000, that works out to about $250 — the amount Baker wanted to send out in the first place.
The State Auditor has until September 20 to calculate what, if any, surplus there is. The Department of Revenue could start issuing tax credits immediately after that. Finance Secretary Michael Heffernan said he is “looking at what’s the quickest and most efficient way to get that money back to the taxpayer,” MassLive reported.
Massachusetts already sent $500 stimulus checks to low-income workers in the spring.
Certain Minnesota frontline workers are eligible to receive a one-time payment of $750, including emergency responders, healthcare staff, court officials and retail…
Read More: State Stimulus Checks 2022: Which Tax Rebates Were Sent This Week?