Arizona Governor Katie Hobbs announced back in early November a unique tax rebate for nearly 750,000 families, marking it as the first of its kind.
The Arizona Families Tax Rebate, incorporated into the state's fiscal 2024 budget, offers a rebate of $250 per dependent under 17 and $100 per dependent over 17 as claimed on a household's 2021 tax returns.
"As someone who at times relied on assistance to get by, I know that every penny counts," Hobbs said.
"I made a promise that when I took office, I would take every opportunity I had to make it easier for Arizonans to provide for their families and lower the cost of living. I am so pleased to be able to deliver this relief with the Arizona Families Tax Rebate."
The maximum rebate is $750. Eligibility requires residents to have filed a full-year resident personal income return for 2021, claimed at least one dependent tax credit on the 2021 return, filed the 2021 return as the primary taxpayer, and had at least $1 in Arizona personal income tax liability in tax years 2021, 2020, or 2019.
When will payments start?
The rebates will be issued using direct deposit information or a paper check if direct deposit details are unavailable. Deposits are anticipated in November, according to the Arizona Department of Transportation.
While federal stimulus funds ceased several years ago, some states continue to provide cash to citizens through inflation assistance or tax refunds. In 2022, numerous states issued one-time payments to qualifying residents. The practice of providing rebates in the form of stimulus checks began during the pandemic and continues into 2023.
Arizona taxpayers with dependents are slated to receive their stimulus checks by November 15. The state reimburses taxes for dependents under 17 at a rate of $250 per dependent, with a cap of $750 for three dependents. For each dependent aged 18 or older, taxpayers receive $100.
The relief measures were advocated during budget discussions, aiming to assist residents in managing inflation using surplus state funds.
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