Georgia Dept. of Revenue to issue special, one-time tax refunds

ATLANTA – On account of Georgia’s Home Invoice 1302, state residents might obtain as much as a $500 one-time tax refund starting this week.

Launch:

Atlanta, GA – Governor Brian P. Kemp and the Division of Income (DOR) introduced at this time that DOR will start issuing particular, one-time tax refunds this week. This initiative is a results of Home Invoice 1302, which the Georgia Common Meeting not too long ago handed, and Governor Kemp signed into legislation. This laws permits for an extra refund of earnings taxes from 2020, as a result of state experiencing a income surplus.

“Resulting from years of accountable, conservative budgeting and our measured reopening that prioritized defending each lives and livelihoods, Georgia is able to challenge these one-time refunds,” mentioned Governor Kemp. “As hardworking Georgians face rising inflation brought on by failed federal authorities insurance policies, we’re doing what we will to offer aid by returning their a refund into their pockets.”

Single filers and married people who file individually might obtain a most refund of $250. Head of Family filers might obtain a most refund of $375. Married people who file joint returns might obtain a most refund of $500. The refund quantity will probably be primarily based on a person’s tax legal responsibility.

“I need to commend the whole group at DOR for his or her onerous work and diligence in issuing these refunds in a well timed method to hardworking Georgians,” mentioned State Income Commissioner Robyn Crittenden.

As a result of quantity of refunds, it might take a while for all refunds to be processed. The Division anticipates issuing considerably all of the refunds by early August for returns filed by April 18, 2022. Your H.B. 1302 refund is not going to be issued till your 2021 tax return has been processed. For added data, please go to this web site.