The end of the year is fast approaching and many families are feeling the pinch as they deal with mass layoffs, high-interest rates, and ever-increasing bills. As the Christmas holiday is just weeks away, and tax season has yet to begin, many states have created a fiscal stimulus that will put a little extra padding in your budget.
While some of the funds have already been sent out, check out the eligibility requirements below to see how you can claim yours:
1.) Colorado - Taxpayers in the state with the "mile high" city are eligible for a one-time rebate payment of up to $1,500.
- Filing a 2021 income tax return
- Be at least 18 years of age or older
- Hold state residency for the prior year
2.) Georgia - The peachtree states handed out payments of between $250 and $500 depending on your filing status. You may still qualify if you meet the criteria below.
- Filed taxes for the 2020 and 2021 tax years
- Not behind on child support or tax obligations
3.) Montana- Homeowners can now claim an early rebate for as much as $1,000 in Big Sky Country. In addition, long-time residents who satisfied state tax obligations can see up to $1,250 in a rebate check.
4.) South Carolina- Rebates are a part of a disaster relief plan and could provide you with a check for up to $800. Just keep the following in mind when determining your exact amount.
- The last payments go out in March of 2023
- Credits will be made to existing direct deposit accounts
- IRS deadline falls on February 15th to qualify
5.) Alaska- Energy payments got a much-needed boost this year and will provide dividends of over $3,200 thanks to the state's natural resources.
If your state didn't make it on the list, be sure to check your local government for updates as new stimulus programs, rebates, and tax incentives are being enacted every day.
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