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Residents in many states do not have to report their COVID relief funds received in 2022 on their federal income tax returns filed in 2023. ... In addition to the $850 inflation relief checks sent ...
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...
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 payments are all considered to be ...
In August 2024, the Treasury Department had found that in the 2023 tax year, 3.4 million households had claimed more than $8 billion against their federal income tax for home energy improvements; about 1.2 million had claimed $6 billion in credits for home clean energy, while 2.3 million had claimed $6 billion in credits for home energy ...
In June 2022, the state legislature approved a plan to distribute $1 billion to residents in the form of a one-time tax rebate. However, the original deadline for those payments was Dec. 31, 2022.
In 2020 and 2021, some states enacted temporary relief provisions to avoid double taxation of income by two states — that state where your employer is located and the state where you worked from ...
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