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    THOUSANDS of Americans will need to take action to claim a $1,000 tax credit. California’s state budget signed into law by Governor Gavin Newson in June includes funding to boost tax credits by more than $100billon. 1You'll need to file taxes to claimCredit: Getty And it includes a newly established one worth $1,000. This one will target the foster youth between the ages of 18 to 25. How to claim  To claim the credits, you need to file a tax return. This will reflect this 2022 – meaning you’ll have to wait until next year to claim them on your taxes. READ MORE ON PAYMENTSMONEY’S COMING Americans to get $500 in monthly payments for two years thanks to $2.5m pot Normally, the deadline to file taxes penalty-free is the middle of April. This year, for example, it was April 18. How you can potentially file for free Meanwhile, many low-income residents choose not to file because the fees are too high. For example, tax preparers can charge more than $300 for their services – and that could cost them a big chunk of their refund. Most...
    THOUSANDS of Americans can take action to help them offset some pain of high gas prices.  Eligible drivers in Missouri can claim gas tax refunds starting this month that reflects the period from October 1, 2021, through June 30, 2022. 1How much you get back will depend on how often you go to the pumpCredit: Getty How much you can get back will depend on how often you go to the pump.  For example, one driver who goes by Chuck Vogelsang in the state fills up his gas tank twice a week. He has been saving his gas receipts since October of last year. “You can get anywhere from 14 bucks to a couple hundred back that could go toward more fuel, maybe put some food on the table,” Chuck told local news outlet KSDK. READ MORE ON GASTAXING TIMES Millions of drivers will see a gas tax increase starting todayGAS GUZZLER Americans furious as gas prices nearly double fuel spending to $5,000 The deadline and how to claim Those seeking a gas rebate in the state must file an application with the Missouri Department of Revenue (DOR)...
    GEORGIA residents are set to receive up to $500 in tax rebates this week. The payments could come as early as May 4, reports local news, 11Alive. 1Georgia residents can get up to $500 more on their tax refundCredit: Getty The new plan was signed by Governor Brian Kemp in March 2022. In a statement, the office shared that $1billion in budget surplus will be returned to workers through the payments. Governor Kemp added: "When government takes in more than it needs, I believe those dollars should be returned to the taxpayer, because that is your money - not the government's." The new legislation came with controversy for Governor Kemp, who is up for re-election. In a tweet, former US Senator David Perdue, who is running against the governor, called the tax refund an election year “one-time giveaway.” Read More on TaxesTAX-FREE INCOME What is the standard deduction for 2021?TAXING TIMES Do you have to file a tax return if most of your income is Social Security? Democrats are not thrilled, either, that Governor Kemp is getting all the...
    Exclusions and limitations apply — of course A spokesperson for the airline told Insider that customers can call customer service at (800) 864-8331 for more information on how to receive a refund. The spokesperson "did not specifically confirm a refund will be an option in all cases," but emphasized the importance of the company's "flexible change policy," adding that "most ticket types allow customers to apply their fare to travel through the end of 2023." The outlet added that basic economy tickets do not allow changes, but can be "canceled for a fee with the remaining balance kept as flight credit." A basic economy ticket can also be upgraded to standard economy for a fee and then be changed. United Airlines CEO: ‘Very Unlikely’ Mask Mandates Return On Planes www.youtube.com
    CHECKS worth $400 will be issued to residents in weeks – here's how to check if you qualify for the relief payments. Michigan Governor Gretchen Whitmer and Anita Fox, director of the state's Department of Insurance and Financial Services (DIFS), revealed the money will start being sent out soon. 1The checks will start going out to eligible Michigan drivers soon The announcement noted that the money will be distributed once a $3billion transfer of surplus funds to auto insurers across Michigan is completed, Local NBC and Fox affiliate WLUC reported Following the money transfer, insurers will be given a deadline of 60 days to send out the $400 checks per vehicle to eligible drivers across the state. In a recent statement, Whitmer said: "These $400 refunds are game-changers for so many Michigan families. "I called for these refunds because I am committed to lowering costs for Michiganders and putting money back in people’s pockets. "They are possible because we worked across the aisle to pass bipartisan auto insurance reform, and we will keep working together to grow our economy and...
    CASH-STRAPPED Americans in Indiana will receive a cash boost of $125 next year when taxes are filed next year. State law requires officials to hand taxpayers refunds if reserves, excluding education, total more than 12.5 percent of the general funding pot. 1Cash-strapped Americans in Indiana will receive $125 from the state next yearCredit: Getty The state had around $4billion in reserves - equating to 23 percent of its general fund. Officials revealed in July that the refund would total $545.3million in total, but they weren’t sure how much taxpayers would receive, according to the Indianapolis Star. Americans in the state will receive $125 next year following the surplus. Indiana Governor Eric Holcomb said: “Despite a pandemic, Indiana exceed all expectations and closed the state fiscal year with an unprecedented amount in reserves. “We have an obligation to put this money back into the hands of taxpayers instead of living it in the hands of (the) government.” And, the state government will work with around 910,000 low-income Americans that pay taxes but don't file returns. Most read in MoneyBIG BUCKS New...
    MORE drivers may be in line for extra cash. It is money drivers already paid in insurance premiums, but the governor of Michigan says insurance companies owe people in her state a refund for paying too much during the pandemic. 1Several states want insurance companies to issue refunds to drivers Michigan Governor Gretchen Whitmer has been on the forefront of the fight to lower automobile insurance. Mrs Whitmer has been watching the insurance industry and even signed an auto insurance reform bill in 2019 to save Michigan drivers more money. The bill guarantees drivers in her state will receive lower rates for eight years. Earlier this month, the governor said in a letter to the Michigan Catastrophic Claims Association (MCCA): "As we stay laser-focused on growing our economy and ushering in a new era of prosperity, we need to use every resource we have to help people thrive. "These refunds will help us continue to put Michiganders first and drive down costs for working families. The governor accuses insurance companies of "hoarding" billions in cash. Most read in motorsTHINK BEFORE...
    THE holidays just got a bit sweeter for thousands of Pennsylvanians thanks to refunds and state income tax reductions.  The state Department of Revenue announced on Monday that letters will be sent out to “tens of thousands” of low-income residents that are eligible for refunds through the tax forgiveness program. 2Pennsylvanians could receive money right before the holidaysCredit: Getty Anyone receiving the letters should file a Pennsylvania personal income tax return to claim the refund. Refunds can go up to $1,000 depending on the filer’s income and how many dependents are in their household.  “We want to reach as many Pennsylvanians as possible who are eligible for this program to let them know that their refunds are waiting for them,” said Pennsylvania Secretary of Revenue Dan Hassel. The tax program refunds around $240million each year to over 1million Pennsylvanians. The problem is many people who are eligible, don’t file. WHO IS ELIGIBLE? Filers who paid state income tax can be refunded for all or a portion of the amount they paid through the program. Most read in MoneyPRETTY PENNY Lincoln...
    LESS than one third of Americans who have lost loved ones to Covid have claimed FEMA’s funeral reimbursement program. The program allows Americans to claim back the costs of burying or cremating loved ones who died from Covid. 1Less than one third of eligible funerals have been reimbursed by FEMACredit: Getty - Contributor However, out of 626,000 Americans killed by the virus just 155,000 have had their funerals paid for by the scheme. The grant covers funeral costs up to $9,000. In the US the average cost of a funeral with a burial is $7,360, while the average cost of a funeral with cremation is $6,260. The reimbursement can be claimed at any date after the funeral.  This means that the loved ones of more than 400,000 victims of the virus can still apply. So far the Government has refunded just $1billion. Most read in moneyURGENT DEADLINE Warning to act by August 30 deadline to stop stimulus bill paymentsMORE MONEY? IRS deadline nears as extra cash and unemployment support could arrive soonACT FAST Families have just EIGHT days to opt-out...
    NEW HAVEN, Conn. (CBSNewYork) – Working families in Connecticut are eligible for a larger state tax refund. Connecticut’s earned income tax credit is increasing to 30.5% from 23%. READ MORE: Breakthrough COVID Illness Of Vaccinated People Make Up Less Than 1% All Cases Gov. Ned Lamont says the change averages to a nearly $500 increase. READ MORE: Schools Chancellor Meisha Porter Meets With U.S. Secretary Of Education Miguel Cardona In The Bronx To qualify, filers must have eligible earned income and an adjusted gross income that is less than: $51,464 ($57,414 married filing jointly) with 3 or more qualifying children $47,915 ($53,865 married filing jointly) with 2 qualifying children $42,158 ($48,108 married filing jointly) with 1 qualifying child $15,980 ($21,920 married filing jointly) with no qualifying children. “Numerous studies have shown that this tax credit is one of the best anti-poverty tools we can use because it encourages work, boosts economic stability, and uplifts generations to come,” Lamont said. MORE NEWS: Bob Dylan Accused Of Sexually Abusing 12-Year-Old Girl In 1965 For more information, CLICK HERE.
    THE IRS is sending out millions in tax refunds to Americans who overpaid the amount they owe this year while on unemployment, with the average check clocking in at $1,265. In an announcement last week, the agency said it was gathering funds to send out to nearly 4million taxpayers. 2The amount of the refund checks average at $1,265Credit: Getty The refund comes thanks to Biden's American Rescue Plan, which dictates that the first $10,200 of unemployment that went out last year is not taxable income. Individuals and couples with a combined income of under $150,000 are eligible for the extra cash. According to the statement, if you are eligible for the refund, you will not need to take extra action to receive it. However, if you are owed more deductions or tax credits, you may need to file an Amended U.S. Individual Income Tax Return, also known as Form 1040-X. The payments will go out in the form of either direct deposit to bank accounts or paper checks in the mail. If you are due for a refund, look out...
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