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Is there a stimulus check for 2022?

Nearly 20 states approved stimulus payments in one form or another in 2022, and residents in a dozen of them are still waiting for their money. If you live in one of the following 12 states and you haven't yet received a payment you qualified for, don't panic — the check might be in the mail. 7 days ago

finance.yahoo.com - State Stimulus Checks 2022: See If Payments Are Coming Your Way ...
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Nearly 20 states approved stimulus payments in one form or another in 2022, and residents in a dozen of them are still waiting for their money. If you live in one of the following 12 states and you haven’t yet received a payment you qualified for, don’t panic — the check might be in the mail.

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Take a look below for more payment information from these state governments.

California

Most eligible Californians received Middle-Class Tax Refund payments of up to $1,050 in October, but some direct deposits will be made through Nov. 14. Debit card payments will be sent out through Jan. 14, 2023.

Colorado

In an effort to prevent fraud, Colorado sent physical checks of up to $750 or $1,500 for joint fillers, most of which were received by Sept. 30. But those who filed for a tax extension will receive checks through Jan. 31, 2023.

Delaware

Eligible residents who did not already receive a Delaware Relief Rebate payment can apply for the $300 stimulus during a 30-day application period that ends Nov. 30.

Hawaii

Depending on when they filed their taxes, eligible Hawaiians will receive payments of up to $300 on or before Dec. 31.

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Idaho

Qualifying Idahoans will receive $300 payments — $600 for couples — throughout the rest of the year and into early 2023.

Illinois

Illinois is issuing two rebates, one for $50 and another for $300. The state said that the first checks went out on Sept. 12 “and will take several months to be issued.”

Indiana

Indiana authorized two tax refunds — one for $125 and another for $200 for single filers. They have different eligibility requirements, and those who qualified for both have already received their payments. Those who qualified only for the $200 refund, on the other hand, won’t receive a payment and must claim it as a tax credit when they file their taxes next year.

Story continues

Maine

Maine is issuing $850 stimulus checks to eligible taxpayers on a rolling basis throughout the year in the order that tax returns were received.

Massachusetts

Massachusetts residents will receive a refund of 14.0312% of their 2021 personal income tax liability. The first payments went out on Nov. 1 and will continue through mid-December.

Rhode Island

Eligible Rhode Islanders who filed their taxes by Aug. 31 received a Child Tax Credit worth up to $750 starting in October. Those who filed by the Oct. 17 extension deadline will get their rebates starting in December.

South Carolina

South Carolina will issue payments that the state estimates will be worth up to $700. Those who filed taxes by the Oct. 17 extension deadline will receive their payments by Dec. 31.

Virginia

Eligible Virginians who filed their taxes by Nov. 1 will receive payments of up to $250 — $500 for couples filing jointly — in the order their returns were received.

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This article originally appeared on GOBankingRates.com: State Stimulus Checks 2022: See If Payments Are Coming Your Way Before the Year Ends

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Why is 2022 tax return so low?

You may receive a lower refund because there was no stimulus payment in 2022, and there's a less generous tax deduction for charitable gifts, the IRS said.

cnbc.com - Tax 'refunds may be smaller in 2023,' warns IRS. Here's why - CNBC

If you're expecting a tax refund in 2023, it may be smaller than this year's payment, according to the IRS. Typically, you get a federal refund when you've overpaid yearly taxes or withheld more than the amount you owe. Your annual balance is based on taxable income, calculated by subtracting the greater of the standard or itemized deductions from adjusted gross income. "Refunds may be smaller in 2023," the IRS said in a November news release about preparing for the upcoming tax season. "Taxpayers will not receive an additional stimulus payment with a 2023 tax refund because there were no economic impact payments for 2022."

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The agency issued the third round of stimulus payments worth $1,400 per person in 2021, and eligible Americans could claim unpaid funds on their tax return this year. The average refund for the 2022 filing season was $3,176 as of Oct. 28, according to the IRS, up nearly 14% from $2,791 in 2021.

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