Tax rebate 2022 – Millions to see direct payments worth up to $1,500 in days – see exact date checks drop

Get up to $3,000 for going green

The Pennsylvania Department of Environmental Protection (DEP) now offers $2,000 or $3,000 as the maximum amount received for switching to an electric vehicle.

The program will offer at least 1,000 rebates through June 30, 2023.

The changes to income limits and the maximum amount available are targeting working-class families as the program offers $2million over the next year.

The rebates are also considered taxable income and can be combined with the credits from the Inflation Reduction Act.

Over 23,000 electric vehicles were registered in Pennsylvania last year, according to WESA.

Three important dates for rebates, conclusion

If you received a refund by direct deposit, the rebate will also be deposited into the same account.

All other taxpayers will receive their rebate by a paper check in the mail.

This includes tax returns with no banking information, those who owed additional tax, closed bank accounts, and any partial rebates due to taxpayer debt.

Those who filed by September 5, will be sent the rebates by October 17 and should receive it by October 31. To check your eligibility, head to the state’s website.

Three important dates for rebates, part three

New Yorkers will be mailed their checks automatically and can expect to receive them on or by October 31.

Residents can check if they're eligible for the payments on the state's website.

Meanwhile, taxpayers in Virginia are set to score checks of up to $500.

The one-time direct payments are based on 2021 taxes, which must be filed by November 1.

For those who owe money to certain government agencies and institutions, the state will use the rebate to pay these dues before sending you the remainder.

Three important dates for rebates, part two

Both payments were issued as a lump sum on September 20, according to the state.

However, paper checks will start going out the week of October 3.

New Yorkers could pocket $270 as part of a new stimulus payment.

The 2022–2023 New York State budget provided a one-time check to eligible taxpayers for two separate payments: the Additional NYS Child and Earned Income Credit Payment.

Checks will include one or both payments with the minimum amount issued being $25.

Three important dates for rebates

Payments of up to $3,284 will be going out to eligible residents in Alaska, New York and Virginia in October.

Each state is sending out checks in different ways and of different amounts.

In Alaska, two payments will add up to as much as $3,284.

Residents will score a $650 energy relief payment and another $2,550 as part of the state’s Permanent Fund dividend.

The Permanent Fund Dividend (PFD) is a dividend from the state’s oil profits that is sent to residents each year and comes in a lump sum of $2,550.

How to claim student loan interest deductions, part two

It's important to note this is a deduction, not a rebate. This means you'll get the amount taken off of your taxable income.

There are also income caps for the credits.

Single, head of household or qualifying widow or widower filers will have their deductions decreased if they have a modified adjusted gross income (MAGI) is $70,000.

If their income exceeds $85,000 they can't claim the deduction.

Those who are married and filing jointly must have a MAGI of less than $140,000 to receive the full deduction, and will be ineligible if their income exceeds $170,000.

How to claim student loan interest deductions

The interest you've paid for your student loans can be deducted from your taxes.

Eligible borrowers could deduct up to $2,500 of paid interest from their annual taxable income, according to Student Loan Hero.

In order to be eligible, you must have:

• Taken out the loan for yourself, a spouse or a dependent
• Used the loan to cover educational costs
• Were legally require to pay the loan back

You won't be eligible if you're married but filing separately.

Individuals can claim annual credits as well

Those filing individually can claim credits just as couples would on joint taxes.

However, several options exist for getting some of your money back for those who haven't started a family.

Individuals can claim the following:

• Residential Energy Efficient Property Credit
• Plug-in Electric Drive Vehicle Credit
• Saver's Credit
• Health Coverage Tax Credit

Annual tax credits for families

There are several federal tax credits families can claim every year.

Like the Child Tax Credit, eligible families can also claim the Adoption Credit, Child and Dependent Care Credit and the Earned Income Tax Credit.

Each credit offers different amounts of cash for different families depending on things like income and the size of the household.

Taxpayers can claim these while filing their yearly returns.

Rebates of over $3,000 approved for residents, conclusion

The tax revenue in 2022 for Moorhead, Clay County and the school district is anticipated to be $827,000 for rebates to 125 homes constructed in 2019 and 123 homes in 2020, per the resolution.

That means homeowners could get as much as $3,334 in rebates.

However, the amount can vary. According to the program’s website, on a new $300,000 home, the total value of the rebate may be more than $7,500.

Moorhead has been receiving between 10 to 17 percent of the new housing units constructed over the last decade.

However, Moorhead’s population represents about 25 percent of the metro area.

Rebates of over $3,000 approved for residents, part two

The program is automatically applied to every new home built within Moorehead.

It was first implemented in 2009 when a flood caused significant damage in the area.

The aim is to incentivize new growth, as well as bring new residents to Moorhead per Inforum.

Of course, for the recipients, it helps offset expensive costs associated with a new home.

Rebates of over $3,000 approved for residents

Minnesota‘s Moorhead City Council voted to extend the city’s property tax rebate program for another two years on Monday, September 12.

The vote to extend the vital program, which lapses every two years was unanimous and now runs through December 2024.

It removes property taxes for homeowners with a newly constructed home for two years once construction is finalized.

Those qualifying do not need to do anything specific to apply.

New rebate rolls into New Jersey

Governor Phil Murphy signed legislation last year allowing eligible residents to be issued checks of up to $500 as part of a Middle-Class Tax Rebate.

This offered child tax credits to those who had claimed at least one dependent when they submitted their 2020 income taxes.

To qualify for the payments an individual must have at least one child, a tax liability of more than $1, and an income less than $150,000 if filing jointly and under $75,000 if filing single.

Payments should be expected the following July to individuals who file taxes by the April 18 deadline, or by December 31 of the following year for those who file with an extended deadline.

More money for Illinois residents

Illinois is also sending a rebate to homeowners who earned less than $250,000, or $500,000 for couples.

Homeowners can get an amount equal to the property tax credit they qualified for in 2021, which is up to $300.

Americans looking to only receive the property tax rebate should only complete the IL-1040-PTR form.

The deadline to file for the property tax rebate is also October 17.

Officials have confirmed that both rebates will not be taxed.

Capital One gives back, continued

US residents may submit a claim for one or two benefits: identity defense services or cash reimbursement.

If you spent money trying to avoid or recover from fraud or identity theft that you believe is traceable to the Capital One data breach (“Out-Of-Pocket Losses”), you may be reimbursed up to $25,000 including any claim for lost time.

Separately, you may also be able to receive money for time lost.

This means you can get the greater of $25 per hour or your documented hourly wage for up to five total hours, or up to 15 total hours.

To receive any money, you must submit documents by September 30.

Capital One gives back

September 30 is the final day Americans have until they can claim a share of a settlement by a major credit card company.

Capital One recently agreed to a $190million payout and $80million in fines following a massive data breach in 2019.

The original deadline to file a claim with Capital One was August 22 but it has since been extended to September 30 – giving eligible recipients just weeks left to file.

All claims must be submitted online or by mail as any forms received after that deadline may not be accepted.

The credit card company said in 2019 it faced a breach where an individual seized personal information from customers who had applied for its credit card products.

Based on its data, about 100million individuals in the US were affected.

Eligibility for the Home Energy Assistance Summer Crisis Program 

If eligible, Ohio residents must schedule an appointment with their local energy assistance provider before the end of the month.

Make sure to have these documents with you when you apply:

• A list of everyone in your household, including proof of US citizenship and income
• Copies of your most recent utility bills
• Proof of disability (if applicable)
• Note from a doctor stating that cooling assistance is needed for someone in the household’s health if nobody is over 60

Millions from Ohio get assistance with energy bills

Depending on your income level and energy costs, the Home Energy Assistance Summer Crisis Program will help Ohioans pay their electric bills or cover the cost of central air conditioning repairs.

Individuals can apply for assistance if they meet one or more of the requirements.

• The household has received a disconnect notice or had power shut off
• Someone in the home is 60 or older
• A physician has provided documentation proving cooling assistance is needed for a household member’s health
• Someone has been diagnosed with COVID-19
• The household is trying to establish a new service on their electric bill

Many still waiting for Georgia payment

Georgia residents who have filed their 2021 and 2022 tax returns are eligible for a one-time rebate payment based on the following tax filing status:

• Single filers/married filing a separate return will receive $250
• Heads of household will receive $375
• Those married filing jointly will receive $500

Those who filed their taxes before the law was signed will get their rebates at a later date.

Payments started going out in May and were expected to be completed by early August.

Long wait for Illinois rebates

State officials announced rebate checks will take at least eight weeks to be sent out.

Payments started going out on September 12. They were automatically sent to those who had already filed their 2021 taxes.

Eligible singles and couples will get $50 and $100, respectively.

Eligible families can claim $100 for each dependent, with a max of three dependents.

Americans in line to get $1.1B in tax relief, continued

The proposal would reinstate the two-week Back to School tax holiday for families in the fall and add an additional two-week holiday in the spring for children returning to school after the winter break.

There would also be a permanent tax exemption for baby and toddler necessities, including diapers, baby wipes, clothing, and shoes for children under the age of five.

The following items would be tax-free permanently:

• Cribs
• Strollers
• Items that contain medicinal ingredients
• Medical equipment

Americans in line to get $1.1billion in tax relief

Florida Governor Ron DeSantis proposed a new tax relief initiative geared toward helping families in the state.

If passed by the legislature in the upcoming session, DeSantis' bill would provide $1.1billion in tax relief.

The proposal includes:

• An expansion of Florida's annual Back to School tax holiday
• Tax exemptions for baby and toddler items
• A yearlong tax exemption on other household items used by families on a daily basis.

Checks worth $683 sent to thousands

Pennsylvania residents who were approved for an initial rebate on property tax or rent received what the state called one-time bonus rebates.

Older and disabled residents who participated in Pennsylvania’s Property Tax/Rent Rebate Program started receiving payments worth 70 percent of the original rebate.

Claimants can expect up to $1,657.50 as $140million in American Rescue Plan money was allocated toward funding bonus rebates.

There was an application for this rebate.

California’s possible $1,000 rebate, continued

This bill was heavily amended from its original state before getting approved.

Originally, taxpayers without cars would have qualified for $2,500 credits per family member without a vehicle.

Households would have received $2,500 for every person older than 16 that doesn’t have a car.

So if a family with two adults and a 17-year-old dependent share one car, they would have received $5,000 in credits under the proposal.

Not only that, but households would have been able to claim a maximum of $7,500.

California’s possible $1,000 rebate

Households in California without cars may get a $1,000 tax credit under a new bill.

Governor Gavin Newsom has until September 30 to approve or veto Senate Bill 457.The bill would offer a $1,000 tax credit to households without vehicles.

However, there is an income limit for those applying as this bill is meant to help low-income taxpayers.

Spouses filing jointly making $60,000 or less and individuals who make $40,000 or less would qualify for the credit.