Some Virginia taxpayers in the next three weeks will begin receiving a one-time tax rebate.
The governor’s office said the rebates of up to $200 for those who filed individually and $400 for those who filed jointly will be sent on a rolling basis. Those who paid less than those amounts will receive a rebate for the taxes they paid.
The checks may be processed as early as this week, the governor said. Most rebates will be issued by November 7.
”Over the next few weeks, more than $900 million will be refunded to taxpayers that filed a Virginia income tax return for tax year 2022. That brings the total to $2 billion in excess tax receipts that are being returned directly to Virginia families since last fall,” said Virginia Secretary of Finance Stephen Cummings.
“These rebates are an important step going into the holiday season to help Virginians keep more of their hard-earned money for gas, groceries and essentials,” Gov. Glenn Youngkin said in a statement.
The rebates are the second time in two years that Virginia has returned surplus revenue to taxpayers, Cummings said.
You could get the rebate if your had a tax liability in the previous tax year, but you need to make sure, if you haven’t already done so, that you file your 2022 taxes by November 1.
For those who received refunds through direct deposit, that’s how you will get the money. Otherwise, it will be sent to you as a check through the U.S. postal mail.
Anyone who owed money to government agencies won’t get paid. The money will help settle their debts. If the debt is greater than the rebate, the state will send you a letter.
The Virginia Department of Taxation has more information on its website about the rebates.
Feature image, stock.adobe.com
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