California and Colorado, who got tax refunds the previous year are being urged by the IRS to postpone filing their taxes.
The Internal Revenue Service is recommending millions of people in 22 states, including California and Colorado, who got refunds in the previous year delay filing their taxes until later. These states include California and Colorado.
California Relief Program
The state of California created a relief program to assist citizens in coping with skyrocketing inflation at a time when the state had a budget surplus, and approximately 16 million individuals got “middle-class tax rebate” checks of $350 per qualified taxpayer last year.
If they submitted a state tax return for 2021, were 18 or older on December 31, 2021, and lived in Colorado all year. Those who met the qualifications should have acquired them by the end of September.
Residents of Delaware who filed a federal return in either 2020 or 2021 and were at least 18 years old as of December 31, 2021, were eligible to receive reimbursements in the amount of $300 for single taxpayers and $600 for joint filers in the month of May 2022.
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Other States Granted Tax Rebates
Additionally, according to the Tax Foundation, at least 22 states granted tax rebates last year as their budgets were bolstered by robust economic growth and federal pandemic help. According to the Tax Foundation, the following states provided rebate payments to at least some of their taxpayers last year:
- Alaska
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Maine
- Massachusetts
- Minnesota
- New Jersey
- New Mexico
- New York
- Oregon
- Rhode Island
- South Carolina
- Virginia
Nevertheless, these one-time windfalls are now making tax season tough for millions of Americans, many of whom rely on timely tax refunds to pay off debt, make purchases, and maintain financial stability.
According to IRS data, the average tax refund last year was approximately $3,200, up 14% from the year before. This figure is greater than the average worker’s income.
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