Tax rebate 2022: Deadline to claim $500 direct payment in Virginia just seven days away
There is only one week left for Virginia residents to file their 2021 taxes in order to receive a tax rebate of up to $500.
Taxpayers will get a rebate of up to $250 for individual filers and $500 for joint filers so long as they received a tax liability for their 2021 taxes, according to the Virginia Department of Taxation. The commission defines a tax liability as the amount of money owed in taxes minus any tax credits or deductions.
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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,” Republican Gov. Glenn 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.”
The state’s online portal for the rebates opened on Sept. 19, with eligible residents who filed their 2021 taxes by Sept. 5 set to receive their rebates by the end of October. There are 3.2 million taxpayers in Virginia who are eligible for the tax rebates, according to the state.
The rebates will be delivered to eligible Virginians by direct deposit or paper check to those who file their 2021 taxes by Nov. 1.
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Virginia officials have clarified that the rebate will be used to fulfill any outstanding debt to certain government agencies or departments before being given to people.