New York and Georgia are the two states that have collected the most money to satisfy back taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. es by seizing stimulus payment checks being sent out by the federal government, according to the Atlanta Journal-Constitution.
New York has seized 11,359 checks worth $4.7 million, and Georgia has seized 16,051 checks worth $4.66 million. States can intercept tax refundA tax refund is a reimbursement to taxpayers who have overpaid their taxes, often due to having employers withhold too much from paychecks. The U.S. Treasury estimates that nearly three-fourths of taxpayers are over-withheld, resulting in a tax refund for millions. Overpaying taxes can be viewed as an interest-free loan to the government. On the other hand, approximately one-fifth of taxpayers underwithhold; this can occur if a person works multiple jobs and does not appropriately adjust their W-4 to account for additional income, or if spousal income is not appropriately accounted for on W-4s. s and other Treasury payments to individuals if those individuals owe back taxes. Nationwide, states have seized 123,407 checks worth $47.9 million.
We’re looking for the numbers for the remaining states.
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