Pixabay|While federal stimulus checks ended several years ago, some states have continued to provide assistance to residents in the form of tax rebates or so-called “inflation relief” payments.
In context of such payments, the Internal Revenue Service (IRS) issued clarification earlier this year that most relief checks issued by states last year aren’t subject to federal taxes and so for the most part don’t need to be reported on 2022 tax returns.
Here’s a look at what states are offering in terms of such payments in 2023, including eligibility criteria, delivery timelines, and amounts of money either already paid out—or still coming.
Alabama
Starting in the fall of 2023, Alabama residents will begin receiving one-time tax rebate checks. The payment amounts will be determined by the filing status reported on 2021 tax year returns.
If individuals filed as single, head of family, or married filing separately, they will receive a $150 tax rebate payment. For those who filed as married filing jointly, a $300 tax rebate payment will be issued.
Not all individuals, however, are eligible for the Alabama tax rebate. If you did not file a personal Alabama income tax return for the 2021 tax year, you will not qualify for the 2023 Alabama tax rebate check.
Furthermore, estates and trusts are ineligible to receive these payments. In addition, individuals who were claimed as dependents on a 2021 federal or Alabama state income tax return will not receive a rebate payment.
California
California’s middle-class tax refunds (MCTRs) were available to California residents who filed a 2020 tax return by Oct. 15, 2021, and met specific criteria.
These criteria included not exceeding income limits, not being claimed as a dependent on another person’s 2020 tax return, and being a California resident for at least six months in 2020.
The MCTR amount ranged from $200 to $1,050, depending on factors such as income, filing status, and dependents.
Payments were generally sent out between October 2022 and mid-January 2023, with most eligible Californians set to have received them by mid-February at the latest.
The California FTB reported that nearly 32,000,000 taxpayers and their dependents benefited from the tax refund.
Colorado
Coloradans were poised to receive “cash back” payments if they met the eligibility criteria.
In order to qualify, they must have been aged 18 or older as of Dec. 31, 2021, and they must have been residents of the state for the entirety of 2021 and filed a 2021 Colorado income tax return or applied for a Colorado property tax/rent/heat credit (PTC) rebate.
The payment amount varied based on the filing status indicated on the 2021 Colorado state tax return, with eligible single filers generally receiving $750 and eligible joint filers receiving $1,500.
The majority of Colorado cash-back payments were issued by the end of September 2022, with most payments distributed by January 31, 2023.
Georgia
Qualifying Georgia residents were eligible to receive tax rebates of up to $500.
The relief payments have been set up as a one-time tax credit, also known as a surplus tax refund, for individual taxpayers who filed state income tax returns for the tax years 2021 and 2022.
To qualify for the refund, Georgia residents needed to file their tax return by the April 18, 2023, deadline. However, if they received an IRS tax deadline extension, they have until Oct. 16, 2023, to file.
Another condition of receiving a tax rebate is that the individual must have had a tax liability for the 2021 tax year. Both Georgia residents, including part-year residents, and nonresidents of Georgia are potentially eligible to receive the refund.
The specific amount of the Georgia surplus tax refund for 2023 is determined by a person’s tax liability from the 2021 tax year.
Maine
Maine residents who met certain criteria had the opportunity to receive winter energy relief payments.
These payments were designed to assist individuals and couples with their energy costs during the winter season.
Eligibility requirements included filing a 2021 Maine personal income tax return as a full-time resident by Oct. 31, 2022, and not being claimed as a dependent on another person’s tax return.
Income limits were also considered, and payment amounts varied based on filing status.
The state began distributing payments in mid-January, and residents who did not receive a payment have been given the opportunity to contact the state tax assessor by June 30, 2023, to provide necessary documentation to prove their eligibility.
The state tax assessor has until Sept. 30, 2023, to issue relief payments to eligible individuals who contacted them before the deadline.
Montana
Montana residents can expect to receive one-time income tax rebate checks in 2023.
While the specific rebate amount is determined based on the information provided in each individual’s 2021 tax return, the potential maximum amount is $2,500.
To be eligible for a payment, only Montana taxpayers who filed a 2021 Montana full-year resident tax return will be considered.
In addition, Montana residents must have filed either a part-year or full-year 2020 state tax return. The tax rebate bill sets forth several qualifying criteria, which include the following:
Filing 2020 and 2021 Montana tax returns by the 2021 tax year deadline, unless an extension was granted.
Individuals claimed as dependents on a 2021 Montana or federal income tax return are ineligible for the payment.
To receive an income tax rebate payment, Line 20 of the Montana Form 2 must indicate an amount greater than zero.
In addition, eligible residents will also receive a property tax rebate from Montana. This rebate applies to the years 2022 and 2023, with a maximum amount of $675.
In order to qualify for the property tax rebate, individuals must have owned and utilized the property as their primary residence for at least seven months in each of those years.
Furthermore, they must have made property tax payments for both 2022 and 2023.
New Mexico
Eligible residents of New Mexico can expect to receive rebate checks of up to $1,000.
In the coming weeks, New Mexico will begin the distribution of one-time rebate checks for 2023 to eligible residents, who can anticipate receiving the rebates as early as mid-June.
The payment amount will be determined based on the filing status reported on 2021 tax returns.
No application is required for the rebates, which will be sent out automatically.
Eligible individuals have until May 31, 2024, to file their 2021 tax returns and qualify for the rebate.
If the filing status for the 2021 tax year was head of household, married filing jointly, or qualifying widow(er), a payment of $1,000 can be expected.
Single filers or those who filed as married filing separately will receive a payment of $500.
For those who filed as married filing jointly, the rebate payment will be sent to the primary taxpayer listed on the 2021 New Mexico state tax return.
Pennsylvania
Pennsylvania’s Property Tax/Rent Rebate program provides payments to eligible individuals who meet certain criteria.
They must be at least 65 years old, a widow(er) at least 50 years old, or a person with disabilities who is at least 18 years old.
In addition, there is an annual income limit, with homeowners capped at $35,000 and renters at $15,000 (with 50 percent of Social Security benefits excluded).
The specific rebate amount is determined based on income and whether the individual owns or rents their home. Eligible homeowners, including some exceptions for older adults above the age of 65 who may receive a higher amount, can generally expect rebates of up to $650.
Rebate checks were initiated in August 2022, and eligible residents had until the end of 2022 to apply for a rebate. Consequently, payments will continue into 2023.
South Carolina
To qualify for a tax rebate in South Carolina, residents must have filed a 2021 South Carolina state income tax return by Feb. 15, 2023, and have a state tax liability for the 2021 tax year.
The rebate amount can reach up to $800 and will be determined based on an eligible individual’s 2021 South Carolina income tax liability after subtracting any applicable credits.
For tax liabilities below $800, the rebate amount will match the individual filer’s tax liability. However, if the tax liability exceeds the $800 cap, the filer will receive a rebate of $800.
Eligible filers should have received a rebate check by March 31, 2023.
Virginia
To be eligible for Virginia’s one-time stimulus tax rebate, taxpayers needed to file a 2021 Virginia income tax return by Nov. 1, 2022, and have a 2021 Virginia net tax liability.
It’s worth noting that even if a taxpayer received a refund after filing their 2021 state return, they could still qualify for a rebate. The rebate amount, with a maximum of $500, was based on a filer’s 2021 Virginia tax liability.
Those who filed their state tax return by Sept. 5, 2022, and met the eligibility requirements, should have received their payment by October 31 of 2022.
However, if taxpayers filed their return between Sept. 6 and Nov. 1, 2022, their payment would arrive within four months from the date they filed, which could have been as late as February 2023.
Lawsuit Filed by NYC Holocaust Survivor Claims Son She Trusted Bilked Her Out of Her Fortune
Edited by: TJVNews.com
Fractious families and unscrupulous relatives can make life absolutely miserable for many people, but when one is a survivor of the Holocaust and its attendant brutality, matters such as these are downright heartbreaking.
The New York Post reported that retired Manhattan prosthodontist Irena Mausner, 87, who is a Holocaust survivor, has claimed that her son siphoned nearly $2 million in cash and stocks from her and tried to steal two multi-million-dollar California properties from under her nose. What makes it even worse is that Mausner is recovering from colon cancer and a stroke, the paper reported.
Mausner was married to Chanel executive husband Jack Mausner, who died in 2014, the Post reported. The couple built a portfolio of cash, stocks, investments, and nearly $5 million in real estate, according to the report.
According to the lawsuit that Mausner filed in Manhattan Federal Court, she said that she placed her trust in her 62-year old son, Ian O. Mausner to manage her portfolio. She was terribly saddened to learn that rather than doing just that he engaged in “an array of theft, fraud, and deceit,” the Post reported.
The younger Mausner is a Wall Streeter who has authored a book on divorce and paints himself as a philanthropist, the Post reported. His mother said in the lawsuit that she filed that Ian’s conduct is “illegal and nothing short of outrageous,” the Post reported, She is also seeking unspecified damages from her son, the report said.
When learning of the lawsuit filed against him, Ian Mausner allegedly lashed out at his mother, telling her she was the one who was “truly reprehensible and unforgivable,” the Post reported.
In her lawsuit, the Post reported that Irena Mausner said that her son raised the issue of her being a survivor of the Nazi genocide targeting Jews during World War II and the many serious health issues that she has experienced, when he said to her, “you asked me why God has done this to you . . . and perhaps we now know why.”
The suit charges he forged her name on the deeds of a $2.2 million San Diego apartment and a $2.4 million Carlsbad, California mansion they jointly owned, and gave himself sole control to try to clandestinely sell them, the report stated.
Ian Mausner allegedly shifted $1.7 million of his mother’s money into a Robinhood investment account in his own name from 2018 until 2022, the Post reported, while giving his mother “phony” documents showing the funds were in her control, as was claimed by Irena Mausner in her lawsuit.
Moreover, the Post reported that according to the lawsuit that was filed by Irena Mausner, her son also allegedly sold shares of her Colgate-Palmolive stock, as well as stealing $50,000; and she alleged that he absconded with $100,000 from her retirement account. The report also indicated that court filings said that Ian ran up more than $13,000 in credit card charges for California Closets, vacation home rentals, and movies; and stole roughly $7,000 in payments from his mother’s long-term care insurance, the Post reported.
The Post reported that according to the lawsuit, it was said of Ian, “His actions have become more troubling with the passage of time, including an array of theft, fraud, and deceit, combined with his confronting his elderly mother while she was in a medical rehabilitation facility and threatening his sister.”
Irena Mausner charged that this is not the only instance of her son committing criminal offenses, the Post reported. She claimed that her son who a one-time capital management and financial advisor ran afoul of the Securities and Exchange Commission in 2013 for an alleged cherry-picking scheme and was later required to disgorge $670,000.
The Post reported that the elder Mausner survived the Holocaust by being hidden in a convent in Warsaw, Poland, for several years, when she was three years old and World War II broke out, said her son. He denied the allegations against him in the lawsuit and instead assigned blame for this family rift on a jealous sibling
Speaking to the Post, Ian Mausner said, “It’s a very sad tale. It’s all not true.” He added that his relationship with his mother deteriorated after she had a “very serious stroke,” and his sister allegedly convinced her mother to give her power of attorney. The son said, “It’s my sister who is really driving all this. … I’ll fight this.”
