Some states are sending out payments to eligible residents to help them cope with the high cost of living.
Single filers will receive $500, while married taxpayers filing jointly, heads of household and surviving spouses will receive $1,000.
The payments will be sent automatically to residents who filed a 2021 New Mexico Personal Income Tax return and who were not declared as a dependent on another taxpayer's return. Eligible residents have until May 31, 2024, to file a 2021 return and qualify for the rebates.New YorkThe rebate is for homeowners whose New York City property is their primary residence and whose combined income is $250,000 or less.
Homeowners can find out information about their rebate by visiting the New York Department of Taxation's Homeowner Tax Rebate Credit page.Pennsylvania will begin sending out payments of up to $650 as part of its Property Tax/Rent Rebate program in July. The program benefits eligible Pennsylvanians who are 65 and older; widows and widowers age 50 and older; and people with disabilities age 18 and older. The current income limit is $35,000 a year for homeowners and $15,000 annually for renters, and half of Social Security income is excluded.
The deadline to apply for rebates on rent and property taxes paid in 2022 has been extended from June 30 to December 31, 2023.
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