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IRS: Most 2022 State "Stimulus" Payments Are Not Taxable

Twenty-one states sent “stimulus,” inflation relief, or rebate payments in 2022, which raised questions about whether the special state payments would be taxed as income. ....

New York , United States , Rhode Island , New Mexico , New Jersey , South Carolina , Alaska Permanent Fund Dividend , State Inflation Relief , Permanent Fund Dividend , Tax Rebates ,

IRS won't tax most state inflation relief payments

The Internal Revenue Service will not collect federal taxes against state-issued inflation relief payments or tax refunds, the agency announced Friday, a reprieve for tens of millions of taxpayers who received the subsidies. ....

New York , United States , Rhode Island , New Mexico , New Jersey , South Carolina , Treasury Department , Inflation Reduction Act , President Biden , American Rescue Plan Act , Dont Tax , State Inflation Relief ,