List of States Offering Tax Rebates or Refunds Under New Budgets
Summary
Most U.S. states have finalized their budgets for the 2027 fiscal year, with several offering tax rebates or refunds to residents. These measures aim to ease financial pressure caused by rising living costs, even as states face budget challenges from slower revenue growth.Key Facts
- Nearly every U.S. state completed its budget for fiscal year 2027, with some including tax rebates or refunds.
- States face budget challenges due to slower growth in revenue and underfunded social programs.
- California offers rebates for first-time electric vehicle buyers: $3,500 for cars under $50,000 and $1,750 for cars under $25,000.
- New Jersey’s $60.7 billion budget includes over $4.1 billion for property tax relief, with adjusted eligibility rules for older residents.
- New York will distribute $1 billion in one-time energy rebates sized by income and filing status, starting in September 2026.
- Pennsylvania’s property tax/rent rebate program has delivered over $1 billion to 1.84 million people in recent years.
- South Dakota raised sales taxes to fund property tax relief programs.
- Georgia is issuing surplus tax refunds ranging from $250 to $500 depending on filing status for tax years 2024 and 2025.
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