topic Inflation relief in Tax law changes

Inflation relief

Okicu812 — Wed, 24 Aug 2022 06:42:27 GMT

I did not file my state taxes but I did file my federal for the year in question for inflation relief. Will I still get it?

Re: Inflation relief

NCperson — Wed, 24 Aug 2022 10:11:34 GMT

@Okicu812 - what do you mean by 'inflation relief'. There is no specific tax deduction or tax credit called 'inflation relief'.

The new tax law has the name 'inflation reduction act', but that is just a name, not a broad credit where folks get money back because of the current inflation rate.

Re: Inflation relief

SweetieJean — Wed, 24 Aug 2022 11:15:23 GMT

Are you asking about this?

Inflation relief checks: More states handing out stimulus money; who is eligible? (msn.com)

Re: Inflation relief

Okicu812 — Sun, 28 Aug 2022 08:39:32 GMT

It’s not a credit more like stimulus check

Re: Inflation relief

NCperson — Sun, 28 Aug 2022 10:19:02 GMT

which state?

Re: Inflation relief

Okicu812 — Sun, 28 Aug 2022 19:00:39 GMT

Yes exactly

Re: Inflation relief

NCperson — Sun, 28 Aug 2022 19:15:18 GMT

@Okicu812 - I can't answer your question unless you tell me what state you live in. Some states are doing rebates and some aren't.

Re: Inflation relief

xmasbaby0 — Mon, 29 Aug 2022 13:52:11 GMT

https://www.fool.com/the-ascent/personal-finance/articles/these-18-states-are-sending-out-inflation-relief-payments/

Re: Inflation relief

Okicu812 — Mon, 29 Aug 2022 18:51:39 GMT

Re: Inflation relief

Okicu812 — Mon, 29 Aug 2022 18:52:18 GMT

Re: Inflation relief

NCperson — Mon, 29 Aug 2022 18:56:03 GMT

@Okicu812

please see link for requirments:

https://www.ftb.ca.gov/about-ftb/newsroom/middle-class-tax-refund/index.html

Re: Inflation relief

Okicu812 — Mon, 29 Aug 2022 19:02:25 GMT

Ok but it says if I file my tax return which I did file my federal but not my state

Re: Inflation relief

DoninGA — Mon, 29 Aug 2022 19:12:51 GMT

@Okicu812 wrote:

Ok but it says if I file my tax return which I did file my federal but not my state

As stated on the California FTB website if you did not file a 2020 state tax return on or before October 15, 2021 you are not eligible for the Middle Class Tax Refund