Our editorial team does not Third Stimulus Relief Bill And Your Taxes, Turbotax® Official Guide direct compensation from our advertisers. Sales Tax Refund — Eligible 2021 full-year residents could have claimed a sales tax refund if they filed a 2021 DR 0104 by April 18 or October 17, 2022, or a PTC Rebate Application by April 18, 2022. If the amount to be refunded is more than $15 per taxpayer, the refund has six different levels based on a taxpayer’s adjusted gross income.

Even though married taxpayers meet the income requirements for claiming tax forgiveness when one spouse is a dependent on another person’s federal income tax return, they may not claim tax forgiveness jointly. The other spouse is eligible, and should complete PA-40 Schedule SP. The eligible spouse may not claim his or her spouse as a dependent, because only children are dependents. The eligible spouse must include his or her spouse’s eligibility income when calculating total eligibility income on PA-40 Schedule SP. In this case, each spouse must file separately.

Child Tax Credit

The key is to make sure that the amount of money you received in third-round stimulus payments is cited accurately on your 2021 tax return and matches what the IRS has on its records. What you don’t want to do is claim the Recovery Rebate Credit on your return if you have received all the stimulus money for which you are eligible. “Please keep any IRS notices letters you receive related to the third round of Economic Impact Payments with your tax records and refer to it when you file your 2021 tax return,” theIRS advises.

Enhanced credit or special deductions put into place for 2020 and 2021 have expired, potentially leading to refund shock for many. But it also means less delays and complications for most taxpayers. A TABOR income tax rate reduction results in either a larger refund, if the taxpayer over-withheld, or a smaller bill, if the taxpayer did not withhold enough or make enough estimated tax payments that year.

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The IRS currently excludes “nonresident aliens,” college students, seniors, and other adults dependents over the age of 17, as well as estates or trusts from receiving the second stimulus check. Form 1099, which reports income that you made working as an independent contractor or from unemployment benefits. You might also receive Form 1099-INT, which reports savings account interest earnings.

Single filers and married individuals who file separately received a maximum refund of $250. Married individuals who file joint returns received a maximum refund of $500. Over 75% of taxpayers received their refund as direct deposit. Surplus refunds were issued based on the regular refund instructions provided on a taxpayer’s return.