2022 California Relief Payments Not Taxable

Update to our previous post, the Internal Revenue Service has clarified the tax treatment for special payments made by California in 2022 to offset the impact of inflation on gas prices. IRS has determined these payments will not be taxable at the Federal level, conforming to State guidance to treat these payments as non-taxable. This guidance applies to taxpayers in 21 states which received similar payments from their respective states. The full news release from IRS can be read here.

The Mattox Group

Hailing from the rural Midwest, J. settled along the Central California Coast in the fall of 2001.  Formerly an Arabic language student at the Defense Language Institute Foreign Language Center and Veteran of the U.S. Army, J. and his wife Elisabeth have made their home in Marina, California. 

J. is actively involved in supporting his community through service to various boards and committees. He is the current CFO and Treasurer for the DLI Foundation and Access Monterey Peninsula, serves on the MPUSD Citizens Bond Oversight and Facilities Advisory Committees, and is an associate member of the United Veterans Council.  J. advocates for Veterans issues throughout the Central Coast, in particular the Veterans Transition Center and Central Coast Veterans Cemetery Foundation.  

Recognizing the greatest opportunity for our community to achieve success is in its small businesses and charitable organizations; J. founded The Mattox Group on the bedrock principle that every business or individual is entitled to the highest level of service and attention to detail  For nearly 10 years, The Mattox Group has supported our region in achieving its highest social and economic potential, through empowering small businesses and non-profit organizations.  

"We are fortunate to live and work in one of the singularly magnificent destinations on the planet.  I am grateful for the opportunities I have to give back to this amazing community. We are truly blessed with a host of clients, neighbors, and friends unparalleled in their kindness, innovative spirit, and dedication to selfless service." -J. 

https://TheMattoxGroup.com
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2024 Tax Season Newsletter

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