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Tax Rebate

All articles tagged with #tax rebate

politics1 year ago

"Whitmer's $80.7B Budget Proposal Prioritizes Education and Affordability in Michigan"

Governor Gretchen Whitmer has proposed an $80.7 billion budget focused on boosting K-12 school spending, expanding taxpayer-financed preschool and community college, and creating state subsidies to alleviate large-cost expenses. The budget includes increases in education funding, childcare, school meals, and tutoring, as well as boosts for environmental programs and economic development. However, Republicans have criticized the budget plan, citing concerns about approaching a structural deficit and the diversion of funds from teacher retirement to other education programs.

via Detroit News|
#education#gretchen-whitmer#infrastructure
local-news2 years ago

Minnesota to Reissue 150K Expired Tax Rebate Checks

The Minnesota Department of Revenue is reissuing nearly 150,000 expired one-time tax rebate checks that went uncashed within 60 days of their issuance in August and September. The reissued checks will be valid for 60 days from their new issuance dates, and eligible taxpayers who haven't received the reissued check will be assisted. Unclaimed rebate checks will eventually be transferred to the Unclaimed Property Division of the Minnesota Department of Commerce.

via CBS Minnesota|
#expired-checks#local-news#minnesota
finance2 years ago

Minnesota Tax Rebate: How to Secure Your Payment

Minnesotans who have moved or changed banking information since filing their 2021 taxes must update their details with the state to receive a rebate check this fall. The Department of Revenue has opened a portal for eligible individuals to enter their new address or banking information. The rebate amounts range from $260 for individuals to $1,300 for a family of five, based on income thresholds. Most eligible individuals won't need to take any action as the Department of Revenue will review tax filings to determine eligibility. The checks are expected to be sent out or deposited early this fall. The rebates are not considered taxable income at the state level, but it is uncertain if the federal government will tax them.

via MPR News|
#department-of-revenue#eligibility#finance
local-news2 years ago

Minnesota Releases Process for 1-Time Tax Rebate Payments: How to Update Your Info and Get Yours

The Minnesota Department of Revenue has released the process for receiving the tax rebate payments, which will be sent out to around 2.4 million eligible Minnesotans this fall. Eligibility is based on income, with individuals making $75,000 or less and couples making $150,000 or less eligible for payments of $260 and $520, respectively. Parents in those income brackets will receive an additional $260 per child, up to three children. Eligible recipients do not need to apply for the rebate payment, but those with changed banking or address information since their 2021 tax filing must update it by July 28. The revenue department expects to send out 250,000 checks per day for 10 business days early this fall.

via CBS News|
#eligibility#local-news#minnesota
finance2 years ago

New Mexicans to Receive Tax Rebate Checks Soon

New Mexico residents who filed a 2021 state income tax return and were not declared as a dependent will receive $500 rebate checks for single filers and $1000 rebate checks for couples filing jointly. Direct deposits will be distributed first, and checks will be mailed out over a period of a few weeks. Those who did not file taxes in 2021 have until May 31, 2024, to file a 2021 tax return to qualify for the rebates. Low-income applicants can apply for the rebate on the New Mexico Human Services Department website. Nearly 15,000 rebate checks were returned as undeliverable last year.

via KOAT New Mexico|
#direct-deposit#finance#income-tax
finance2 years ago

Minnesota's Infrastructure Plan Includes Big Transit Investments and Tax Rebates.

The Minnesota Department of Revenue will send out rebate checks to 2.5 million Minnesotans this fall as part of a $3 billion tax bill passed by lawmakers. The amount of the check is based on 2021 income, with individuals making $75,000 or less receiving $260 and couples making $150,000 or less receiving $520. Parents in those income brackets will receive an additional $260 per child, up to three kids. Eligibility is determined by checking line 1 of your 2021 state tax return, and if your banking information or address has not changed, there is nothing further you need to do. The rebate checks will not be taxed on the Minnesota side, but it is unclear if they will be taxed on the federal side.

via CBS Minnesota|
#department-of-revenue#eligibility#finance
finance2 years ago

"Minnesota's Tax Rebate and Legislative Updates: What You Need to Know"

Minnesota lawmakers have agreed to send tax rebates to eligible taxpayers with adjusted gross incomes of up to $75,000 for individuals and $150,000 for couples who filed jointly. The rebates are expected to be $260 for individuals and $520 for couples, with an additional $260 per dependent for up to three dependents. The revenue department will use tax year 2021 individual income tax or property tax refund returns to determine eligibility and distribute the tax rebate payments via direct deposit or checks starting this fall. Taxpayers will not have to apply for this payment, but those who have changed their bank information or address since filing their 2021 return will need to update their information with the revenue department through a secure online portal.

via MPR News|
#checks#direct-deposit#finance
finance2 years ago

Minnesota's Tax and Budget Updates: What You Need to Know.

Minnesota taxpayers will soon receive tax rebates of $260 per taxpayer and per dependent for eligible people, as part of the final version of the tax bill signed by Governor Tim Walz. Eligible individuals will not need to apply for the rebates, as the Minnesota Department of Revenue will use 2021 income or property tax refund returns to determine eligibility and payout the rebate. The rebates will be made either straight into the bank account or sent to the address attached to the 2021 tax filing. The Department of Revenue will provide a new online system this summer to update banking information or address changes. The refunds are expected to be sent out in early fall.

via FOX 9 Minneapolis-St. Paul|
#department-of-revenue#eligibility#finance
finance2 years ago

Georgia taxpayers receive first round of surplus refunds.

The Georgia Department of Revenue has started issuing a special state income tax refund to eligible taxpayers, with over 1.1 million refunds totaling around $257 million already processed. The refunds come from a $1 billion surplus in state funds, and eligible Georgians can receive up to $500 based on their tax liability for Tax Year 2021. The refunds will be issued through direct deposit or a paper check, and taxpayers can check for their surplus tax refund online.

via WSB Atlanta|
#finance#georgia#refunds
politics2 years ago

Kansas Governor Kelly Vetoes Multiple Tax Proposals and Announces Rebate

Kansas Governor Laura Kelly vetoed a flat tax package that would predominantly benefit the wealthy and proposed a one-time rebate of $450 per taxpayer instead. The GOP-dominated Legislature passed the plan in April, which would reduce revenue by about $330 million annually. Kelly compared the tax plan to former Gov. Sam Brownback’s tax experiment, which crippled state finances. Republicans have examined various forms of a flat tax proposal this year as they wrestled with ways to transform a record surplus into tax cut relief.

via Kansas Reflector|
#gop#governor-laura-kelly#kansas
politics2 years ago

Minnesota House Democrats propose tax plan with rebates and new brackets.

Minnesota House Democrats have proposed a tax plan that includes a $1.3 billion tax rebate, a tax cut on Social Security income, and a new tax credit for families with children. The plan would return about $1.25 billion of the state's record $17.5 billion budget surplus in the form of a tax rebate. The proposal also includes the creation of a new “millionaires tax” on the top 0.8% of Minnesota earners and new offshore income reporting requirements for corporations. Republicans have questioned the need for any new taxes when the state already has an unprecedented budget surplus.

via Duluth News Tribune|
#democrats#minnesota#politics
politics2 years ago

Alabama Governor Proposes Tax Rebates and Education Investments

Alabama Governor Kay Ivey is proposing a one-time, $400 tax rebate for those who filed taxes in 2021. Lawmakers must approve the funds first, and if approved, it would take the state 60-90 days to cut the checks. The governor is asking lawmakers to authorize the funds to help working families who are grappling with inflationary costs. Those who don’t meet the income threshold to file taxes, and those who didn’t file in 2021, are not qualified.

via WBRC|
#alabama#inflation#kay-ivey
finance2 years ago

Georgia Tax Refund Timeline and Payment Updates

Georgia Governor Brian Kemp signed a bill that will give Georgians a special state income tax refund of up to $500, which will be issued by the Department of Revenue in six to eight weeks. Taxpayers who filed tax returns in both 2021 and 2022 are eligible to receive the money, and most refunds will be issued by July 1, as long as taxes are filed on or before April 18. The money comes from more than $1 billion in surplus funds the state currently has.

via WSB Atlanta|
#department-of-revenue#finance#georgia