Important Update: Find Out if You’re Eligible for a June Boost of up to $3,284 – Three Rebate Amounts Offered

In response to the financial strain caused by high inflation, several states have taken measures to provide tax rebajas and relief to eligible individuals. The eligibility criteria for these programs often depend on factors such as income and previous tax return filings.

Let’s explore the rebajas being distributed in three states during June:

1. ALASKA: Alaska has a long-standing tradition of offering residents a Permanent Fund Dividend (PFD) on an annual basis. This cash payment grants residents a share of the state’s oil revenues. While the specific amount for the 2023 PFD has yet to be confirmed, Alaska has been consistently issuing payments from the previous years, including 2021 and 2022. The PFD amount for 2021 was $3,284, while for 2022 it was $1,114. Individuals who qualify for payment this month can expect it to be disbursed on Tuesday, June 15. To be eligible, applicants should have their PFD application in the eligible-not-paid status by June 7. The annual deadline to submit an application typically falls in March.
2. GEORGIA: Starting in May, Georgia began sending out tax refunds worth up to $500. To qualify for this year’s rebate, individuals must have filed their taxes for both 2021 and 2022 and resided in the state. If taxes were filed on or before April 18, the refund is anticipated to be issued by July 1. Additionally, there must have been a tax liability during the 2021 tax year. The rebate amounts differ based on filing status, with $250 for single filers, $375 for heads of household, and $500 for couples.
3. NEW MEXICO: New Mexico’s rebate program is scheduled to commence this month. The rebates are valued at $1,000 for joint filers and $500 for heads of household, surviving spouses, and single filers. To be eligible, individuals must be over 18 years old and not claimed as dependents on their taxes. It is also necessary to file a 2021 income tax return by May 31, 2024. The Governor’s office estimates that over 900,000 taxpayers will automatically receive a rebate, with distribution starting in mid-June. However, for those who do not qualify for the rebate, there may still be eligibility for a relief payment. While the specific amount is uncertain, a $15 million fund managed by the state’s Human Services Department is expected to distribute the relief payments by the end of July. Eligibility for the relief payment includes being a low-income resident in New Mexico, possessing a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), and not being in line for a rebate from the state this year.

DEADLINES TO KEEP IN MIND: While states are disbursing funds this month, it is important to be aware of upcoming deadlines to potentially receive future payments:

• Boulder, Colorado’s Food Tax Rebate Program: Eligible individuals can receive $99 payments, while families can claim $302. To be considered, the income for singles should not exceed $43,900, and for a family of four, it should not exceed $62,700. Boulder has listed additional income thresholds online for different family sizes. Eligible residents can apply online until June 30.
• Greensboro, North Carolina’s Low-Income Homeowner Assistance Program: Residents have until June 20 to apply for a $150 property tax rebate. To qualify, applicants must submit their 2022 tax return or W-2 forms along with proof of household income. Additionally, they must have resided in their home for the past five years, and the property tax value must be less than $250,000. Greensboro has established an online portal where residents can review full eligibility criteria and submit their applications.

For a comprehensive list of deadlines in June, you can refer to The U.S. Sun’s round-up to determine if you may be affected by other rebate programs. Stay informed and take advantage of these opportunities for financial support.