Residents residing in any of these states are in for some extra cash sometime in 2023.
These five states are giving residents payments of up to $1,500 so long as the residents take the proper action to apply and receive these payments. Some payments will be delivered to residents as early as January, while others will be sent later in the year, according to the Ascent.
CALIFORNIA
The Middle Class Tax Refund has already been given to many California residents, though roughly 5% of recipients are still waiting. The final waves of direct deposits and state-issued debit cards are set to be sent by the end of January 2023.
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COLORADO
Colorado residents who have not received this payment from the state due to delaying the filing of their tax returns will get this payment before Jan. 31 of next year. This payment will be worth either $750 for single filers or $1,500 for joint filers.
IDAHO
The Gem State approved 2022 Special Session rebates on Sept. 1, all of which will be paid out by the end of March next year. The amount that full-year residents receive from this will either be $300 for single filers and $600 for joint filers, or 10% of the tax amount reported on a taxpayer’s 2020 income tax liability, depending on whichever is greater, according to the Idaho State Tax Commission.
The commission is expecting to issue roughly 800,000 payments in this rebate, sending as much as $500 million in payments.
NEW JERSEY
The amount that New Jersey homeowners receive will depend on how much money they make, with those making less than $150,000 receiving $1,500, while those earning somewhere between $150,000 to $250,000 will get $1,000. Renters will also be getting a rebate, though they will need to be making less than $150,000 annually and will only get a rebate of $450, according to New Jersey’s Department of Taxation.
Roughly 2 million residents will qualify for these rebates, which are scheduled to be paid to recipients by May 2023.
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SOUTH CAROLINA
While residents who have filed their 2021 SC Individual Income Tax Return by Oct. 17 will receive this rebate before the end of the year, others have until Feb. 15 of next year to file their returns to receive this rebate, which they will receive in March 2023.
The amount a resident will receive from this rebate will be based on his or her 2021 tax liability. For people whose tax liability is less than $800, their rebate will be equal to their tax liability, while filers with a tax liability equal to or over $800 will receive exactly $800, according to the South Carolina Department of Revenue.
