Virginia residents have 10 days to file their 2021 taxes to receive a one-time rebate of up to $500.
Taxpayers must have received a tax liability for their 2021 taxes to get a rebate of up to $250 for individual filers and $500 for joint filers, according to the Virginia Tax Commission. A tax liability is defined as the amount of money owed in taxes subtracted by any tax credits or deductions, according to the commission.
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The state portal for the rebates opened on Sept. 19, with eligible residents who filed their 2021 taxes by Sept. 5 set to receive their rebate by the end of the month. Nearly 3.2 million taxpayers are eligible for the tax rebates, per the state.
Rebates will be delivered to eligible recipients by direct deposit or paper check, depending on how the taxes were filed, to those who file before Nov. 1.
Gov. Glenn Youngkin (R-VA) praised the rebates in a press release last month, saying they will be returning tax dollars to citizens amid record-high inflation.
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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. “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.”
