In 2024, there will be three states that still offer tax rebates

Spread the love

Do you owe money to your state?

Many states took up the mantle after the federal government completed disbursing the final COVID stimulus checks, utilizing special resources and budget surpluses to provide tax rebates to their citizens in 2022. Last year, a few states carried on with this “state stimulus check” practice, giving taxpayers returns of up to $200 (in Virginia) and up to $1,000 (in New Mexico).

These state stimulus check programs have mostly run their course as of 2024. Despite discussing the possibility of issuing tax rebates financed by budget surpluses, legislators in South Carolina and North Carolina have not embraced the idea. A similar proposal that would have offered discounts to buyers of new electric, hybrid, or conventional cars in Michigan also fell through.

Still, a small number of locations continue to pay residents who satisfy specific requirements. In 2024, the following three states will offer tax rebates akin to the stimulus package:

Missouri

Missouri drivers who paid more in gas taxes during the previous fiscal year, which ran from July 1, 2023, to June 30, 2024, might be eligible for a refund.

The fuel in issue has to be used in a vehicle weighing less than 26,000 pounds and be utilized on highways in order to be eligible. Both individuals and companies must submit an application for the return using Form 4923-H.

Your personal details, vehicle identification number, total number of gasoline and diesel gallons, and total amount of paid Missouri motor fuel tax increase are all requested on the form. After that, you must enter all pertinent transaction information in a list, including the seller’s name, address, and precise gas purchase amount, to the nearest three decimal places. The receipts are not need to be attached, but you should save them for a minimum of three years.

The Motor Fuel Consumer Refund Highway Use Claim can be accessed through a unique web portal that the state’s tax agency launched in July. The application must be sent in by September 30th, either by mail or electronically.

Pennsylvania

A person’s income may determine whether they qualify for the Property Tax/Rent Rebate Program in Pennsylvania, which offers reimbursements ranging from $380 to $1,000. (People who live in a few Pennsylvania cities can be eligible for even more.)

A person must be 65 years of age or older, a widow or widower 50 years of age or older, or a resident with a disability 18 years of age or older in order to be eligible, with a household income of $45,000 or less. Candidates must present documentation of their age, income, and 2023 property taxes (or rent) paid.

The rebate “has long been a lifeline for our seniors and people with disabilities, especially those on a fixed income,” according to a May news release from Governor Josh Shapiro. Recently, the application deadline was extended until December 31.

The payments have already begun to be made. Over 442,000 reimbursements totaling $266 million had been given out as of July 3.

Washington

In August, the Evergreen State will launch its brand-new Washington EV Instant Rebates program. Under the scheme, customers can receive a dealership rebate of up to $9,000 when they purchase or lease an electric vehicle. (Many governments seek to encourage drivers to purchase EVs by offering incentives like tax credits and refunds.)

You must live in Washington and have a household income that is at or below 300% of the federal poverty threshold in order to be eligible for this one. The vehicle in issue needs to be fully electric and priced at less than $90,000. It can be purchased directly from an automaker, a car dealer, or a used car dealer with at least two locations in the state (or one that exclusively sells electric vehicles).

The rebate should be offered at the point of sale and is stackable with other incentives, like as the federal EV tax credit, according to Washington’s Department of Commerce. For a new electric vehicle, the maximum state refund is $9,000, and for a used one, it is $2,500.

In April, Governor Jay Inslee told reporters, “Our goal is to enable as many people as possible to use these vehicles.” “When you can declare to yourself each morning, ‘I won’t need to purchase a gallon of fuel,’ it brings immense happiness to people.”

The rebate scheme will continue until June 2025, or until available funds expire.

Similar Posts

Leave a Reply

Your email address will not be published. Required fields are marked *