Virginia residents who received a tax liability last year have until next month to file their 2021 taxes for a rebate of up to $500.
Those who had a tax liability last year will receive up to $250 if filing individually and up to $500 if filing jointly, according to the Virginia Tax Commission. Approximately 3.2 million taxpayers will be eligible for the rebates.
The rebates, part of a larger bipartisan measure passed by the state earlier this year, aims to provide financial relief for eligible taxpayers who had tax liabilities last year. The Virginia Tax Commission defines a tax liability as the amount of tax owed throughout the year minus any tax credits, deductions, or subtractions.
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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,” Gov. Glenn Youngkin said in a press release. “Past administrations have overtaxed Virginians and by returning taxpayer money to Virginia’s taxpayers we are ensuring that hard working Virginians get to keep more of their paycheck during these difficult economic times.”
The portal opened on Sept. 19. Eligible residents who filed by Sept. 5 should receive their rebate by Oct. 31.
Residents have until Nov. 1 to receive the rebate. Rebates will come in the same manner as the filed taxes, either as a direct deposit or a paper check.
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If a recipient owes any money to certain government institutions or agencies, the rebate will be used to satisfy the debt first.
