Tax rebate 2022: Direct $500 payments to be sent to Virginia residents after deadline passes

Virginia residents who filed their 2021 tax returns by the deadline on Tuesday can anticipate to start out seeing their rebate over the course of the subsequent 4 months.

Gov. Glenn Youngkin (R-VA) introduced that residents who filed their returns by July 1 might see their direct funds of as much as $500 in October, however those that filed by the Nov. 1 deadline might see it as late as 4 months from now. Youngkin stated the rebate was to place a reimbursement within the fingers of residents because the nation and state faces excessive inflation and prices of residing.

VIRGINIA DEMOCRATS HIT ON ‘RADICAL’ TRANSGENDER ISSUES IN HOMESTRETCH OF CONGRESSIONAL RACES

“As Virginians face excessive inflation and costs coming from insurance policies set in Washington, these one-time tax rebates will assist households decrease the price of residing,” Youngkin stated in a information launch. “Previous administrations have overtaxed Virginians and by returning taxpayer cash to Virginia’s taxpayers we’re guaranteeing that hardworking Virginians get to maintain extra of their paycheck throughout these tough financial occasions.”

Residents should have obtained tax liabilities to get rebates of as much as $250 for particular person filers and $500 for joint filers, in keeping with the Virginia Division of Taxation. Virginia’s tax company defines a tax legal responsibility because the greenback quantity owed in taxes subtracted by tax credit or deductions.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

There are 3.2 million Virginians who’re eligible for the tax rebates. The state’s on-line rebate portal opened on Sept. 19. Taxpayers who obtained a state tax refund by direct deposit this 12 months will seemingly obtain their rebate by direct deposit in the identical account. All different eligible taxpayers will obtain their rebates by paper checks within the mail.

Virginia officers confused that the rebate can be used to meet any taxpayer’s excellent debt to state or native authorities businesses earlier than being given no matter stays.