Millions of Virginians can expect one-time direct tax rebates as early as Sept. 19, with the government planning to send over 1 million payments by next weekend.
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.
Not every taxpayer is eligible for the rebates, but about 1,250,000 rebates are expected to be sent out starting Sept. 19 through Sept. 23, with a goal of sending out 250,000 per day. Eligible recipients who filed for the rebate by Sept. 5 can expect their payment during next week’s period.
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Rebates will come in the form of direct deposit or paper check, depending on how a taxpayer filed.
State Tax Commissioner Craig Burns said during a Tuesday meeting with the Virginia House of Delegates that there will be a “soft launch” this Friday and Saturday.
“A few thousand direct deposits, a few thousand checks, just to make sure everything works before we go live,” Burns said.
Burns added that the tax commission expects over 3.2 million rebates will be sent out by the end of the year, with 1.3 million as direct deposit and 1.9 million as checks.
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About 2.9 million of the overall 3.2 million should be sent out by Oct. 10, and the rest will be sent out through the end of the year, he said.
Eligible Virginia residents must file by Nov. 1 to receive a rebate. Rebates can be up to $250 for single filers and up to $500 for joint filers. However, if people owe money to certain government agencies, the government will use the rebate to pay off those debts, and Virginians will receive the remainder left over, if any.
