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Honored Contributor
Posts: 79,338
Registered: ‎03-10-2010

Legislative Bonus

[ Edited ]

I just wonder if other states are doing something like this?  Our state legislature met this week and voted to give every person who filed a state tax return last year, a rebate of $500 ($1,000 a couple) to cover increases in gas and other things.  Low income families that didn't file returns can apply for the rebate.

 

New Mexico is the second largest producer of oil and gas (after Texas) and with the increase in oil prices, we seem to be flush with cash which is quite a contrast from the usual.

New Mexico☀️Land Of Enchantment
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Posts: 18,140
Registered: ‎03-09-2010

That's pretty amazing!

"If you walk the footsteps of a stranger, you'll learn things you never knew. Can you sing with all the voices of the mountains? can you paint with all the colors of the wind?"
Honored Contributor
Posts: 14,262
Registered: ‎03-09-2010

Enjoy spending your money. 

Honored Contributor
Posts: 79,338
Registered: ‎03-10-2010

 


@deepwaterdotter wrote:

Enjoy spending your money. 


@deepwaterdotter    I'll send it right back to them in taxes.

New Mexico☀️Land Of Enchantment
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Registered: ‎12-22-2013

@Kachina624 wrote:

I just wonder if other states are doing something like this?  Our state legislature met this week and voted to give every person who filed a state tax return last year, a rebate of $500 ($1,000 a couple) to cover increases in gas and other things.  Low income families that didn't file returns can apply for the rebate.

 

New Mexico is the second largest producer of oil and gas (after Texas) and with the increase in oil prices, we seem to be flush with cash which is quite a contrast from the usual.


I believe Calif is doing this too.  I am in NV i have not heard we are doing it.  I paid 4.95 for gas yesterday.  Fortunately I do not have to drive much

Honored Contributor
Posts: 33,580
Registered: ‎03-10-2010

I haven't heard anything about it in Ohio.

 

As an aside, the IRS needs to increase the mileage rate.  58.5 isn't cutting it with gas prices where they are now.  

Esteemed Contributor
Posts: 5,850
Registered: ‎10-11-2017

I'm in PA. and if they are doing that, I missed it. Good for you.

Honored Contributor
Posts: 24,645
Registered: ‎03-13-2010

Re: Legislative Bonus

[ Edited ]

@Kachina624 wrote:

I just wonder if other states are doing something like this?  Our state legislature met this week and voted to give every person who filed a state tax return last year, a rebate of $500 ($1,000 a couple) to cover increases in gas and other things.  Low income families that didn't file returns can apply for the rebate.

 

New Mexico is the second largest producer of oil and gas (after Texas) and with the increase in oil prices, we seem to be flush with cash which is quite a contrast from the usual.



@Kachina624     I live NEXT DOOR....and just paid $5.80 for gas???   (It's even higher here than California).  Such is life.  di
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Re: Legislative Bonus

[ Edited ]

In my area of Arizona , the price is $4.69. And $4.35 at Sam's or Costco. 

Honored Contributor
Posts: 30,249
Registered: ‎03-12-2010

Not as far as I know.  I live in Va.  I did get a small"break" in my town on my real estate taxes.

 

I have to sign my taxes and send them back to the accountants.

 

I've given my 2 daughters a lot of money this year.  The government only cares that I pulled  it out of my investments.

 

It makes me sick when I think of how many times each one of those dollar bills get taxed.

 

Just because a person works hard, saves their money, doesn't buy stupid stuff, if they have a little money saved up and they can get it...they will.  Ugh!