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New Mexico is offering two types of rebates to residents in 2023 — one for taxpayers and one for those who are not required to file tax returns. The income tax rebate amounts to $1,000 for joint ...
Many payments have already gone out this fall, but residents who were able to gain an extension and file by the Oct. 17 deadline are set to get a payment soon — no later than Jan. 31, 2023, per ...
The three major federal stimulus payments distributed in 2020 and 2021 during the height of the COVID-19 pandemic made headlines, but many states got into the act as well with their own tax rebates...
The Bottom Line on Stimulus. Whether you received federal stimulus checks in 2020 and 2021 or state inflation relief checks in 2022, you won’t have to pay tax on any of them. These stimulus ...
Although the final batch of stimulus checks were sent out last year, there are still tax credits and benefits from stimulus money you can take advantage of in 2022. The IRS began issuing Letter ...
More than 169 million payments worth about $400 billion have been sent out by the IRS since Congress passed the American Rescue Plan stimulus relief bill in March. See: Fourth Stimulus Checks ...
The Internal Revenue Service (IRS) finally issued guidance regarding the federal tax status involving special payments made by 21 states in 2022, determining that taxpayers in many states will not ...
The stimulus payments in 2020 and 2021 were not taxable income because they were actually advance payments of tax credits. A tax credit is a dollar-for-dollar reduction in the amount of your tax ...
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