Tax rebate 2022: Virginia residents have 13 days to assert rebate price as much as $500

Eligible residents of the commonwealth of Virginia have till subsequent month to file their 2021 taxes to obtain a rebate of as much as $500.

Taxpayers should have acquired a tax legal responsibility for his or her 2021 taxes to get a rebate of as much as $250 for particular person filers and $500 for joint filers, per the Virginia Tax Fee. The state says almost 3.2 million taxpayers are eligible for the tax rebates.

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A tax legal responsibility is outlined because the amount of cash owed in taxes subtracted by tax credit or deductions, in line with the state's Tax Fee. The state portal for the rebates opened on Sept. 19, with eligible residents who filed their 2021 taxes by Sept. 5 set to obtain their rebate by the top of the month.

Rebates shall be delivered to eligible Virginians by direct deposit or paper examine — to those that file their 2021 taxes by Nov. 1.

Gov. Glenn Youngkin (R-VA) touted the bipartisan rebates for returning tax dollars to residents in a press launch final month.

"As Virginians face excessive inflation and costs coming from insurance policies set in Washington, these one-time tax rebates will assist households decrease the price of dwelling," stated Youngkin. "Previous administrations have overtaxed Virginians and by returning taxpayer cash to Virginia's taxpayers we're guaranteeing that arduous working Virginians get to maintain extra of their paycheck throughout these troublesome financial instances."

The state additionally says the rebate shall be used to meet any excellent debt to sure authorities companies or departments earlier than being given to recipients.