Virginia residents who filed their 2021 tax returns by the deadline on Tuesday can expect to start seeing their rebate over the course of the next four months.
Gov. Glenn Youngkin (R-VA) announced that residents who filed their returns by July 1 could see their direct payments of up to $500 in October, but those who filed by the Nov. 1 deadline could see it as late as four months from now. Youngkin said the rebate was to put money back in the hands of residents as the country and state faces high inflation and costs of living.
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“As Virginians face high inflation and prices coming from policies set in Washington, these one-time tax rebates will help families lower the cost of living,” Youngkin said in a news release. “Past administrations have overtaxed Virginians and by returning taxpayer money to Virginia’s taxpayers we are ensuring that hardworking Virginians get to keep more of their paycheck during these difficult economic times.”
Residents must have received tax liabilities to get rebates of up to $250 for individual filers and $500 for joint filers, according to the Virginia Department of Taxation. Virginia’s tax agency defines a tax liability as the dollar amount owed in taxes subtracted by tax credits or deductions.
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There are 3.2 million Virginians who are eligible for the tax rebates. The state’s online rebate portal opened on Sept. 19. Taxpayers who received a state tax refund by direct deposit this year will likely receive their rebate by direct deposit in the same account. All other eligible taxpayers will receive their rebates by paper checks in the mail.
Virginia officials stressed that the rebate will be used to fulfill any taxpayer’s outstanding debt to state or local government agencies before being given whatever remains.
