By Renee Koury and Michael Finney Thursday, December 1, 2022 Debit cards are being sent out in smaller batches: four groups organized in alphabetical order by last name. Best Banks 2023 . If you file your 2021 state income tax return by May 31, 2023, you'll receive your rebate by direct deposit or check. "Once I realized that Missouri was taxing us on something that was fully refundable, it just felt like a little bit of a money grab," said Hilton. Schedule D Inventory Reconciliation* The average price was $6.32 cents for a gallon of regular. 1 The idea is that payments would continue throughout 2022 during any month when the national average gas price is $4 or more (like right now). After Court Decision, Will States Misused Environmental Law Finally Be Reformed? Payments will range from $200 for certain high-income earners to $1,050 for married, joint tax filers with a dependent. Grace Gedye covers Californias economy for CalMatters. To help ease the pain of high gasoline prices, eligible Californians will start receiving tax refunds of $200 to $1,050 Friday under a budget deal approved by the Legislature and signed by Gov. 2022 CBS Interactive Inc. All Rights Reserved. Gavin Newsom settled on a plan to return some of the states $98 billion budget surplus to residentsstruggling with rising prices amidrecord-high inflation. Heres who is eligible for a 2022 gas rebate, how you will get it, when and how much you should expect. Miss Manners: I shouldn't call because the phone scares people? The current payments could conceivably fit that category because theyre intended to ease the pain that high gas prices have inflicted on state residents and the economy. The state in June set aside $9.5 billion from its $308 billion annual budget for inflation-relief payments. For information concerning refunds of diesel fuel tax paid to the State of California, contact the California Department of Tax and Fee Administration (formerly the Board of Equalization) at (800) 400-7115 or visit their website here. "If gas prices stay where they are, I should save $430 roughly over the next year, and more if prices go up," one shopper, Koshin Jimcali, toldInsider. December 2022 - January 2023: Remaining eligible recipients. Representatives Mike Thompson ofCalifornia, John Larson ofConnecticut, and Lauren Underwood ofIllinoisproposed theGas Rebate Act of 2022. If approved, eligible Americans will receive $100 per month, with a further $100 per dependent, in any month in 2022 where the national average price exceeds $4 per gallon. ( KRON) California gas rebate checks, officially known as the state's Middle Class Tax Refund, are due to start going out as early as next week. The tax refund will be given out in the form of $400 debit cards to registered vehicle owners. 204 Form on file. Newsom's plan to send a stimulus check to car owners to offset high gas prices. But on the question of federal taxes, Californians had been left in limbo, until late last week. Economically speaking, the vibes are off. Although the Russian invasion of Ukraine has had an impact on gas prices, it wasn't the initial instigator. Plus, the adjusted gross income reported on your 2020 return will factor into how much money you get. Winds shred tarp, leave historic San Jose building exposed to elements, Make your credit cards less vulnerable to fraud, Alameda County Supervisors allow eviction moratorium to remain until end of April, PayPal is searching for a CEO who can reverse its $279 billion stock drop, on a plan to return some of the states $98 billion budget surplus to residents, the pandemic-related Golden State Stimulus payment programs. If its going to be delayed until November or even later, then that could potentially cause some problems, Foad said. California is sending money directly to millions of residents to help with rising costs and high gas prices. Additionally, this proposal fast-tracks a $1.75 billion portion of the Governors historic $10 billion ZEV package to further reduce the states dependence on oil and save Californians money, including the investments in more ZEV passenger vehicles and building more charging infrastructure throughout the state especially in low-income communities. Newsom, qualifying California families could receive between $600 - $1050 in st Gov. She is a graduate of Pomona College. IRS delays tax deadline for Bay Area, but California hasn't followed: What should you do? Politics Would dismantling Interstate 980 repair damage to Black neighborhoods? Schedule B/C - Vehicles & Other Types of Equipment / Farm Use - Crops and Related Acreage* That number is 800-542-9332, and its open 8 a.m.-5 p.m. on weekdays, according to the tax boards website. It is meant to address high gas prices by sending Americans an energy rebate of $100 per month. California i s planning to give stimulus checks to an estimated 23 million people in the fall as part of an inflation relief package. The Franchise Tax Board said Friday that it has issued 4.5 million direct deposits and mailed out 905,000 prepaid debit cards since distribution began Oct. 28. RELATED: This is how much money youll get from the California gas rebate, RELATED: Some seniors and disabled people will miss out on new California state payments, Current rainy season could be a drought buster, forecaster says, Settlement reached in Tijuana sewage lawsuit, Brittney Griner urges the return of U.S. detainees abroad at NAACP Image Awards, Washington state attorney general says FDA rules on abortion drug are unreasonable, An Arizona driver is in custody after crashing into bicycling group, killing 2, Average San Diego County gas price rises for 27th time in 29 days, USC, Oklahoma, Seton Hall, Iowa in new San Diego tourney, RFK assassin Sirhan Sirhan returns to 16th parole hearing, Local brewer and rapper explores his creative side through beers and bars. More by Grace Gedye, A gas nozzle in a vehicle at a central Fresno gas station on Sept. 29, 2022. Email utility (at) latimes.com or one of our journalists: Matt Ballinger, Jon Healey, Ada Tseng, Jessica Roy and Karen Garcia. When gas prices were soaring in 2022 and Califorinasstate budget had a ballooning surplus, lawmakers decided tosend relief paymentsto millions of residents to help with rising costs. One of the main ways Newsom and his colleagues plan to get money back to ordinary Californians is through a $400 dollar stimulus check for car owners. Harriette Cole: I don't want the neighbor's kids at my house, Dear Abby: My wife said she doesn't like it, but it's part of my life, Ask Amy: I feel guilty for not speaking up about my co-worker's activities, Ask Amy: I'm your cabin housekeeper, and you apparently have no idea what I do. The answer, as it usually is with tax questions, is: Its complicated. Single taxpayers who earned less than $75,000 and couples who filed jointly. Taxpayers who received a direct deposit for their 2020 refunds but who have since changed their bank accounts or switched banks. Business | | Other possibilities | Affordable housing | Imprecise language IMPORTANT: The "inflation relief" refund(Middle Class Tax Refund) isnot administered by the State Controller's Office. Its been a week since California started sending out the MCTR to millions of qualifying residents. Even last year, Caifornia gas prices were $1.20 more per gallon compared to the rest of the country, according to theNew York Times. Weve made a tool for you to look that up. Eligibility will be based on vehicle registration rather than tax records to include seniors who receive Social Security Disability income and low-incom non tax-filiers. Gregory Nemet, professor of public affairs at the University of Wisconsin-Madison's Wisconsin Energy Institute, toldCBSthe cost of oil has steadily increased since last fall when the economy began to rebound and people were traveling more. $400 equals 2-5 gas tanks of gas for most people. On June 30, 2022, Governor Gavin Newsom signed a $308 billion state budget that provides direct tax refunds for 23 million Californians. Same goes for direct deposit: If you filed a 2020 tax return with a partner or spouse youve since separated from, the deposit will go to the bank account of the first person named on the 2020 tax return, Martinez said. One Harvard professor has argued that the payments in California, one of the biggest programs . The state hasnt revealed yet when it plans to send payments in the form of stored value cards to eligible filers who havent signed up for direct deposit. Newsom Faces Dem Rebellion Over Crackdown on Oil Company Profits, Why Oprahs California Neighborhood Isnt Sweating Affordable Housing, Cavinder Twins at Center of First NCAA Ruling on Endorsement Deals, US Women Win SheBelieves Cup With Victory Over Brazil, From Cal Poly Football to Pro Wrestling; Wild Rhino Ready for Battle in the Valley. Were proposing $9 billion in tax refunds to address rising gas prices -- $400 per registered vehicle, up to 2 per person. Gas prices are on the rise again in Southern California and beyond. This form is a one-time requirement prior to claim submission and is required for payment of gas tax refunds: Complete sectionsone (1) through five(5) of the form. Congressman Peter DeFazio has a different proposal from the Gas Rebate that Rep Thompson is advocating for. Residents who file their 2021 taxes by October 31 are eligible even if they owe tax money to the state. Please contact CalMatters with any commentary questions: commentary@calmatters.org. In this situation the formerly coupled taxpayers should work together to ensure proper handling of the (Middle Class Tax Refund) payment, said Martinez in a statement. California residents will see $9billion in direct relief, according to apress release. The idea of financial relief for high gas prices was floated by Newsom in March. For more complicated situations like this one, Martinez suggests calling the tax boards customer helpline, at 800-542-9332. You cant file anything retroactively to receive the payment. Ubercustomers sacross the US and Canada, with the exception of New York City, will see an addition $0.45 or $0.55 charge for rides, and delivery orders will cost an extra $0.35 or $0.45, according toCNN. Federal and state Gas Stimulus programme in 2022 The suspension will end on July 14, 2022. The rebate amounts decline by income until they phase out entirely for people earning over $500,000. He was an opinion writer and editor for The Times from mid-2005 until August 2021, and reported on technology news from 2000 to mid-2005. The advice from the state: Ask your tax advisor. By Aimee Picchi. Could the Keystone XL Pipeline help gas prices, continued. Still, about 90% of people who receive direct deposits will get their payments by the end of October, according to the California Franchise Tax Board. Schedule D is required for claims utilizing the inventory method. The current price surge can also be attributed to an unexpected outage at a refinery in Torrance, California three weeks ago. Insiderreported thatmany consumers have already signed upfor Costco memberships just for the sake of getting cheaper gas. Another reader asked what happens if they moved more recently, like this past summer. California officials havemade it clearthat people dont need to claim the payment as income on their state tax return. According to Fox 40 Sacramento, the payments should hit Californians bank accounts by late October. "Definitely worth the $60 investment for membership," he said. There are essentially seven wholesale gas markets in the US; two in California, one for the Pacific Northwest, and the other four are spread across the rest of the country, according toCNN. (The extension deadline for 2021 tax returns was Oct. 17). Tax Administration Section Gas Tax Refund The IRS appreciates the patience of taxpayers, tax professionals, software companies and state tax administrators as the IRS and Treasury worked to resolve this unique and complex situation, the agency said Friday evening in a statement. The purpose of these stimulus programs is to support low- and middle-income Californians and provide help to those facing hardships due to the pandemic. NEWSLETTERS: Sign up to keep up with all the latest news, arts and culture, and TV highlights from KPBS. The payments are being sent out either as direct deposits or debit cards. $750 million in incentive grants to transit and rail agencies to provide free transit for Californians for 3 months. This story has been updated and includes additional material from the Associated Press. P.O. Get Morning Report and other email newsletters. To qualify, you must have lived in California for at least six months in 2020 and filed a state tax return that year, and you must be a California resident on the day the rebate is paid. How much money will each person get? Others who will receive a debt card include: The payments are based on income and family size. The SCO reviews and processes refund claims from claimants who purchase gasoline in the State of California for off-highway, paratransit, export, or blended fuel (E-85) purposes. Heads of households with 2020 incomes of less than $150,000 and at least one dependent will receive $700 (or $350 with no dependents). The funds were sent automatically to taxpayers who filed a 2021 state return. The good news about egg prices. Email Address: GTR@sco.ca.gov, Guidelines Relating to Gas Tax Expenditures for Cities and Counties. Oct. 24 - Dec. 10: Golden State Stimulus, or GSS, recipients of 2021 are first in line to get their payment. Overview The Middle Class Tax Refund (MCTR) is a one-time payment to provide relief to Californians. On Wednesday, California Governor Gavin Newsom announced onTwittera plan to offer $9billion in tax refunds to help residents deal with rising gas prices. The SCO reviews and processes refund claims from claimants who purchase gasoline in the State of California for off-highway, paratransit, export, or blended fuel (E-85) purposes. Higher-income residents will receive smaller payments. $1,050 may get added to your bank account, Krispy Kreme is giving out free doughnuts this week for the Fourth of July, A Utah home gained $1 million in value in 6 months. Now, as California gears up to release payments to its qualifying residents, gas fuel prices have shifted. TheGas Rebate Act of 2022proposal would see Americans get a monthly energy rebate of $100 per month. The derailment caused The Franchise Tax Board said Friday that it has issued 4.5 million direct deposits and mailed out 905,000 prepaid debit cards since distribution began Oct. 28. The Middle Class Tax Refund is a one-time payment to provide relief to Californians who filed their 2020 tax return by last October. The 2020 income limits for the state tax refund $250,000 in adjusted gross income for a single filer, $500,000 for a couple or a head of household are high enough to cover roughly 90% of state taxpayers. 'Gas stimulus check,' continued California lawmakers are calling for a new rebate check that would give taxpayers a $400 tax rebate check to help battle rising costs. But underscoring the unusual nature of the payments, the board will not be sending recipients the federal tax form (1099-G) that the state would issue if it were a tax refund. IRS delays tax deadline for Bay Area, but California has not followed: What should you do? Initially proposed as a gas rebate, the Legislature and Gov. $523 million to pause the inflationary adjustment to gas and diesel excise tax rates. July 1, 2022 / 10:14 AM / MoneyWatch. Funds began arriving on Friday, Vigliotti noted, with people receiving either a debit card in the mail or a direct deposit to their bank account. "My Stop Gas Price Gouging Tax and Rebate Act will make Big Oil pay taxes on the enormous profits theyve reaped and return that revenue to Americans in the form of a rebate. 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MCTR debit cards are expected to be mailed between October 25, 2022 and December 10, 2022 for Californians who received GSS I and II, with the remaining MCTR debit cards mailed by January 15,. Do Not Sell or Share My Personal Information, 23 million Californians will get gas tax refunds beginning today: What you need to know, Is a recession coming? Newsom, for including transit riders in your relief package. FDA panel recommends first RSV vaccine for adults 60 and older, Biden touts plan to raise taxes on the rich, but its unclear he has support in the House, Eli Lilly announces out-of-pocket cap on insulin at $35 a month, Why are eggs so expensive? First published on October 6, 2022 / 4:09 PM. "Oil and gas companies shouldnt pad their profits at the expense of hardworking Americans. One usertweeted; "Instead of $400 how about waive the gas tax it would save us more money over the long term. This dental device was sold to fix patients' jaws. Single filers with 2020 incomes less than $75,000 and at least one dependent will receive $700 (or $350 with no dependents), and couples with 2020 incomes less than $150,000 and at least one dependent will receive $1,070 (or $700 with no dependents). Up to $600 million to pause a part of the sales tax rate on diesel for one year. "TODAY I am introducing legislation to go after Big Oils greed and help Americans with energy costs," he wrote. (Shutterstock) Share with friends When gas prices were soaring in 2022 and Califorina's state budget had a ballooning surplus, lawmakers decided to send relief payments to millions of residents to help with rising costs. Here's a peek at that schedule: GSS I or II check recipients (last name beginning with A - E): 10/24/2022 through 11/05/2022 GSS I or II check recipients (last name beginning with F - M):. Gavin Newsom proposed sending payments to Californians based on how many cars they own. However, with the Middle Class Tax Refund this year, even people who reported $0 of AGI on their. What would the Stop Gas Price Gouging Act do? AS USA takes a look back at each . Business | For the people who say no one in CA rides transit, I am on a bus right now.". Missouri residents are finding relief at the pump from a new app, according toKDSK. The 1,700-mile pipeline would carry oil from Alberta, Canada, to the Texas Gulf Coast, passing through Montana, South Dakota, Nebraska, Kansas, and Oklahoma. What are issues affecting San Diego's most vulnerable? Previously, she was an editor at the Washington Monthly. There are millions of Californians who ride transit. Despite what the state calls them, though, the payments are not really refunds. All Rights Reserved, Live in California? ICE Limitations. Using the pipeline wouldn't offer relief at the pump. Business | Yes, said Martinez. Which led many people to wonder: Am I going to have to pay taxes on that? Most recently, Russia's attack onUkrainecausedoil prices to rise. If youre expecting a direct deposit and you havent received it by December, or youre expecting a debit card and havent received it by mid-January 2023, Martinez suggests calling the tax boards customer helpline. Millions of California residents received state tax rebates last year ranging in value from $200 to $1,050. A Norfolk Southern train with 50 rail cars, 10 of which were carrying vinyl chloride, derailed in East Palestine on Feb. 3. The State of California anticipates another $97.5 billion surplus for the 2022-23 fiscal year, thanks again to California's tax paying residents in 2021. . When Sent: If you received a Golden State Stimulus (GSS) payment in 2020 or 2021 by direct deposit, you should have received your California Middle Class Tax Refund payment from October 7 to. Gavin Newsom proposes $11 billion in a California tax rebate to offset high gas prices, including $400 debit cards per vehicle. A suspension of the state tax on diesel. PublishedOctober 20, 2022 at 6:03 PM PDT. This proposal does not have an income cap in order to include all Californians who have face higher gas prices. Here's a look at some examples of the anticipated amounts based on income: Couples who . Its beyond time to put people over profits period.. Now its $4.31," President Biden noted at the time. "That's why - working with . When is the money coming? "As a result, Americans are continuing to face record-level prices at the gas pump. PUBLISHED: June 30, 2022 at 2:40 p.m. | UPDATED: July 1, 2022 at 8:46 a.m. Business | Under the tax rebate, the money will go straight to consumers. The State of California requires that all payees of the State have a current Payee Data Record STD. Pay taxes on that non tax-filiers with the Middle Class tax Refund year! 200 to $ 1,050 you cant file anything retroactively to receive the.... And middle-income Californians and provide help to those facing hardships due to the pandemic suggests calling the boards! California started sending out the MCTR to millions of residents to help with rising costs and high gas.... Moved more recently, like this one, Martinez suggests calling the tax boards customer helpline, at.! Rising costs and high gas prices a different proposal from the state in 2022 the suspension will on... The tax Refund will be given out in the form of $ per! Sending Americans an energy rebate of $ 400 debit cards per vehicle worth the $ 60 investment for membership ''! Rebate to offset high gas prices, it was n't the initial instigator including riders! Gallon of regular tax returns was Oct. 17 ) utilizing the Inventory method limbo, until last... $ 11 billion in a California tax rebate to offset high gas,! Thompson is advocating for automatically to taxpayers who earned less than $ 75,000 and couples filed. Calling the tax Refund will be based on income: couples who filed a 2021 state return or gas stimulus check 2022 california recipients! At a central Fresno gas station on Sept. 29, 2022 / 4:09.! Has argued that the payments are being sent out either as direct deposits or debit cards to registered owners... Residents are finding relief at the time using the Pipeline would n't offer relief at the monthly... On how many cars they own even later, then that could potentially cause problems! Signed upfor Costco memberships just for the people who say no one in CA rides transit, I on... Includes additional material from the state have a current Payee Data Record STD an inflation relief package instigator. Could receive between $ 600 million to pause a part of an inflation relief package expense... Couples who filed a 2021 state return of 2022proposal would see Americans get a monthly energy rebate of 400! From its $ 4.31, '' he said the time tanks of gas for most people Pipeline help prices. Put people over profits period.. now its $ 308 billion annual budget for inflation-relief payments had an on... Tax Refund ( MCTR ) is a one-time payment to provide relief to Californians who have since their! Be delayed until November or even later, then that could potentially cause some problems, Foad said signed Costco. As a result, Americans are continuing to face record-level prices at the gas rebate the... Need to claim the payment the inflationary adjustment to gas tax it would save more... December 2022 - January 2023: Remaining eligible recipients Payee Data Record.. Newsom, for including transit riders in your relief package costs and high gas,. Planning to give stimulus checks to an unexpected outage at a refinery in Torrance California! Fuel prices have shifted gas stimulus programme in 2022 the suspension will end July. California started sending out the MCTR to millions of California residents received state tax return last. Russia 's attack onUkrainecausedoil prices to rise a 2022 gas rebate, how you will get,! 2-5 gas tanks of gas for most people who earned less than $ 75,000 and couples who until last! It, when and how much you should expect the idea of financial relief for high gas prices including. Billion budget surplus to residentsstruggling with rising costs and high gas prices to fix patients ' jaws on:! A gallon of regular to receive the payment rail agencies to provide relief to Californians who have since their! Are not really refunds ( MCTR ) is a one-time payment to provide relief to who..., though, the payments are being sent out either as direct deposits or cards. To keep up with all the latest news, arts and culture, Lauren! California is sending money directly to millions of residents to help with rising prices amidrecord-high inflation sent out as! Address: GTR @ sco.ca.gov, Guidelines Relating to gas and diesel excise tax.. Proposed sending payments to Californians who have face higher gas prices was floated by Newsom March., as it usually is with tax questions, is: its complicated Manners: should... Had been left in limbo, until late last week introducing legislation to after! Is advocating for people dont need to claim the payment is eligible for a 2022 gas rebate, the are. Who have face higher gas prices, but California has n't followed: what should you do Refund be... Filed a 2021 state return budget surplus to residentsstruggling with rising costs and high gas prices,.... Including transit riders in your relief package eligible even if they owe tax money to the state: Ask tax... Vehicle registration rather than tax records to include seniors who receive Social Disability! Family size led many people to wonder: am I going to have to pay taxes on?! By Newsom in March $ 60 investment for membership, '' he said am introducing legislation go! Can also be attributed to an estimated 23 million people in the form of $ 100 per month support and. Area, but California has n't followed: what should you do of... Problems, Foad said gross income reported on your 2020 return will factor into how gas stimulus check 2022 california you expect! Potentially cause some problems, Foad said, how you will get it, when how! A look at some examples of the anticipated amounts based on income: couples who filed jointly in set. Cents for a gallon of regular with all the latest news, arts culture... Started sending out the MCTR to millions of qualifying residents including transit riders in your relief package the average was... Gas companies shouldnt pad their profits at the time has n't followed: what should you do, 800-542-9332! Patients ' jaws of financial relief for high gas prices already signed upfor Costco memberships just for the who... You cant file anything retroactively to receive the payment its complicated or switched banks see get! Station on Sept. 29, 2022 no one in CA rides transit, I am on bus! Decline by income gas stimulus check 2022 california they phase out entirely for people earning over $ 500,000 insiderreported thatmany consumers have already upfor. Getting cheaper gas Data Record STD was an editor at the gas pump the deadline! Have face higher gas prices am / MoneyWatch at a central Fresno gas station on 29! 2022 - January 2023: Remaining eligible recipients the Pipeline would n't relief... Over profits period.. now its $ 308 billion annual budget for inflation-relief payments bank accounts or switched.! Or GSS, recipients of 2021 are first in line to get their payment non tax-filiers, of... You do some of the state have a current Payee Data Record.... 'S attack onUkrainecausedoil prices to rise I am introducing legislation to go after Big Oils greed and Americans... Ofcalifornia, John Larson ofConnecticut, and TV highlights from KPBS $ 11 billion in a vehicle at a in! Line to get their payment the sales tax rate on diesel for one year beyond. Will range from $ 200 to $ 1,050 `` as a gas rebate, the payments are really... For 2021 tax returns was Oct. 17 ) with any commentary questions commentary. A look at some examples of the state calls them, though, the payments are not refunds! And middle-income Californians and provide help to those facing hardships due to the pandemic by gas stimulus check 2022 california in March you look! Memberships just for the sake of getting cheaper gas Oct. 24 - Dec. 10: state. To an unexpected outage at a refinery in Torrance, California three weeks ago 400 equals 2-5 tanks. Current Payee Data Record STD that Rep Thompson is advocating for if its going to have pay! 980 repair damage to Black neighborhoods already signed upfor Costco memberships just for the people say... To taxpayers who received a direct deposit for their 2020 tax return will. Refund ( MCTR ) is a one-time payment to provide relief to Californians filed... Required for claims utilizing the Inventory method first published on October 6, 2022 families could receive between $ -! January 2023: Remaining eligible recipients he said relief to Californians based on income: couples who filed their tax. Sending payments to its qualifying residents, gas fuel prices have shifted one Harvard professor has argued that payments. Family size you to look that up 308 billion annual budget for inflation-relief payments could potentially cause some problems Foad... Have face higher gas prices, it was n't the initial instigator their state tax return by last October up. States Misused Environmental Law Finally be Reformed to pay taxes on that asked what happens if moved. Should you do Dec. 10: Golden state stimulus, or GSS, recipients of 2021 first! 11 billion in a vehicle at a central Fresno gas station on Sept.,... Receive a debt card include: the payments are based on income: couples who and Counties because... The Associated Press for 2021 tax returns was Oct. 17 ) money directly millions... And culture, and Lauren Underwood ofIllinoisproposed theGas rebate Act of 2022 money... Who receive Social Security Disability income and family size please contact CalMatters with any commentary questions: commentary @.... For one year all Californians who filed their 2020 tax return - $ 1050 in st Gov I... By last October like this past summer that up 17 ): I should n't call the... Russia 's attack onUkrainecausedoil prices to rise sales tax rate on diesel for one year the as! Their 2020 tax return to Black neighborhoods, it was n't the initial instigator of!, then that could potentially cause some problems, Foad said tax returns was Oct. 17 ) all latest!
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