Inflation relief checks in January 2023: which states will pay them and amounts

According to the Bureau of Labor Statistics’ summary of the Consumer Price Index (CPI), the year-on-year inflation rate was 6.5 percent at the end of December last year, representing a drop compared to November when this indicator was 7.1 percent. Even as inflation has fallen, several states will continue to send inflation relief checks, sometimes referred to as stimulus checks, or tax refunds in January 2023 and beyond, which were approved last year to provide relief from high prices.Inflation relief checks in January 2023 CaliforniaMailing of the Middle Class Tax Refund up to $1,050 continues in January 2023. Payments began mailing in October but will continue through January of this year. You can find more information and payment dates here. Colorado Taxpayers who requested an extension to file their 2021 tax return, which was due on October 17, will receive up to $750 by January 31 of this year. Hawaii Hawaii residents who earned less than $100,000 in 2021 , or $200,000 if filed jointly, should receive a one-time tax refund of $300. Individuals who earned more than $100,000 and couples who earned more than $200,000 qualify for a payment of $100. Direct deposits began issuing at the end of August, however, taxpayers who filed their 2021 state tax returns between July 31 and December 31, 2022 will receive direct deposit up to 10 weeks after the tax department accepts your return, or 12 weeks if you requested a physical check. Idaho Governor Brad Little authorized tax refunds of $600. Payments began in September but will continue through January of this year. Here are more details of eligibility and how to claim.You may be interested in: SNAP benefits: what is the maximum amount that beneficiaries will receive in 2023? MassachusettsRefund mailing to taxpayers of approximately 14% of their state tax liability began in November. People who filed their 2021 return before October 17 of last year received their refund in December Taxpayers who filed after and until September 15, 2023, will receive their payment one month after filing. Here are more details. New MexicoState residents can still receive a $500 refund for single filers and $1,000 for joint filers. Residents have until May 2023 to file their 2021 income tax return and qualify for a refund. Other payments in 2023 South Carolina Income tax refund checks of up to $800 began mailing to South Carolina taxpayers in November. Taxpayers who filed their 2021 tax return by October 17, 2022 should have received their refund by the end of 2022. If they filed after the October 17 extension deadline but before February 15, 2023, you will receive your refund in March 2023. New Jersey About 2 million New Jersey households will receive property tax refunds, thanks to Affordable New Jersey Communities for Homeowners and Renters (ANCHOR), a $2 billion property tax relief program.Homeowners making up to $150,000 will receive $1,500 in property tax refunds, while those making between $150,000 and $250,000 will receive $1,000. (Tenants earning up to $150,000 will receive $450 checks.) Deadline to apply is January 31, 2023 with rebates due by May 2023. NJ Property Tax Relief Available NowAffordable New Jersey Communities for Homeowners and Renters (ANCHOR) provides property tax relief to NJ residents who owned or rented their main home on October 1, 2019. For more information, visit https://t.co/9lLTLxqdoF pic.twitter.com/0SRFF90Cwj— City of Newark (@CityofNewarkNJ) December 13, 2022

Leave a Comment

Your email address will not be published. Required fields are marked *