Taxpayers from at least five states will report their stimulus check payments in 2022. Without the availability of stimulus check from the national government, some states helped their tax payers with income tax rebates for them. These stimulus check payments have helped many families to fight against the economic meltdown of the country. However, as the season of taxes coming close in 2023, many people are wondering if they have to pay taxes on Those rebate checks they got last year.
Well, as far as we know, IRS revealed a statement on 3rd February that people who received these small payments by the states, should wait before they file their taxes this year as there are a few things that needs to be clarified.
The agency said that things will be clear in a few weeks of time, which it did after some time, indicating that these taxpayers will not have to report these payments. However, there still are some things that is unclear for the people.
State Stimulus Check Payments: Will You Have To Pay Taxes On Those Incomes?
There were zero stimulus check payments from the federal government in 2022. However, almost half the states from the whole USA gave money to their residents in the form of stimulus check payments. These payments were masked as child tax credits, tax rebates, and other relief payments.
Alaska among all these had paid out the biggest payment for each of their individuals. They have paid 3.1K USDs to their eligible taxpaying residence. Whereas the Golden State issued most payments for their taxpayers in the form of Child Tax Credits, MCTR and other payments.
Even though it is not clear if you have to pay taxes on these stimulus check payments that you have received last year, you will know that in a few weeks time.
