Latest news with #BrianKemp
Time of India
21 hours ago
- Business
- Time of India
Georgia residents to get up to $500 in surplus tax refunds starting this week: Here's how you can claim it
Live Events What is the eligibility criteria? How much can you expect? Georgia has issued surplus tax refunds of up to $500 to eligible residents, with payments starting this week. This initiative, authorized by House Bill 112 and signed into law by Governor Brian Kemp in April 2025, allocates nearly $1.2 billion from the state's $16.5 billion reserves to provide financial relief to in Georgia could be getting up to $500 in the near future as tax rebates are sent out. In April, Governor Brian Kemp signed House Bill 112 into law, authorizing a $1 billion special state income tax marks the third special tax refund Georgia has issued in recent years, following similar rebates in 2022 and 2023. Eligible taxpayers will receive the one-time refund after their 2024 state tax returns are processed, provided they meet specific requirements."Here in Georgia, we safeguard every dollar of taxpayer money, because we know it belongs to the people, not the government," Kemp said. "While other states are running up budget deficits and raising taxes on their citizens, we're investing in the priorities of our state while further cutting taxes and returning more than a billion dollars to hardworking Georgians! That's on top of the tax relief we've given in prior years and is a direct result of our conservative budgeting.'To qualify, taxpayers must have filed their 2023 and 2024 individual income tax returns, contributed to the state tax system, and have no outstanding debts with the Georgia Department of Revenue According to the official website of Georgia's Department of Revenue, you may be eligible for the HB 112 Surplus Tax Refund if you:File your Individual Income Tax Return for tax year 2023 and tax year 2024 by the May 1, 2025 deadline (or by October 15, 2025, if an extension was granted)• Had a tax liability for tax year 2023• Are a Georgia resident, part-year resident, or non-residentThe last date to file tax returns for 2024 was extended from April 15 to May 1 following the aftermath of Hurricane refund amount for individual filers will be based on their 2023 tax liability and is capped at:$250 for single filers or those married filing separately$375 for heads of household$500 for couples filing jointlyIf you're not sure if you are eligible for a refund, you can check via the Surplus Tax Refund Eligibility Tool, available through the Georgia Tax Center, by inputting your tax year, Social Security number or tax identification number and federal adjusted gross rebate amount a beneficiary receives depends on their filing status:$250 for single filers$250 for those married but filing separately$375 for head of household filers$500 for couples filing jointlyUnder Georgia law, these rebate payments are not subject to state taxes. However, if a recipient has outstanding debt owed to the state, the rebate may be reduced to offset that you paid state taxes or received your refund through direct deposit, your rebate will be deposited directly into your bank account. If you filed your return by mail, you'll receive the rebate as a paper Georgia law, the rebate is not treated as taxable income. However, it may be reduced or withheld to offset any debts you owe to the states are offering similar rebates. In New York, eligible taxpayers will receive inflation relief checks of up to $400, as confirmed by Governor Kathy will be issued using the method selected in your standard refund instructions—either direct deposit or paper check. The Department has advised allowing 6–8 weeks from the May 1 deadline for payments to be processed. Typically, electronic deposits are issued sooner than mailed can track your refund through the Georgia Tax Center's e-filing services by entering the relevant tax year, your Social Security Number or ITIN, and your Federal Adjusted Gross Income (FAGI). If you've moved, make sure your address is updated in your Georgia Tax Center account.'As families continue to deal with the effects of rising costs, I want to thank our legislative partners for making this possible and for supporting their fellow Georgians,' said Governor Governor Brian Kemp, in a statement: "Because we've managed our state's resources wisely, we're again able to return money to hardworking Georgians who know how best to use it. Along with our acceleration of the largest income tax rate cut in state history, this latest refund is just one more way we're working to support the people of our state, their families, and their businesses, because that's not the government's money, it's theirs!"Georgia State Revenue Commissioner Frank O'Connell: "Our department is ready to get this third round of refunds out the door efficiently and securely. We appreciate the continued partnership with the governor and the General Assembly in making this happen."
Yahoo
21 hours ago
- Business
- Yahoo
How to get a $500 Georgia Tax Rebate Check
Some good news could be coming to your mailbox or via direct deposit this week. The Georgia Department of Revenue announced this week that it will begin issuing $500 rebate checks to all eligible taxpayers in the state. Gov. Brian Kemp announced his intention to issue a rebate back in April when he signed House Bill 112 into law. This is the third time that Georgia has issued a tax rebate, with the previous amounts being released in 2022 and 2023. The $1 billion rebate comes as a result of the $16 billion surplus Georgia announced at the end of fiscal year 2024. $250 for individuals filing as single or married filing separately $375 for those filing as head of household $500 for couples filing jointly Taxpayer must have filed Georgia income tax returns for both 2023 and 2024 Taxpayer may not be claimed as a dependent on someone else's 2023 return Taxpayer must be a full-time Georgia resident for tax purposes If a taxpayer is set up to get their refunds through direct deposit, the money will be wired into their bank account. If a taxpayer directed their refund to be sent through the mail, a physical check will be issued. The Georgia Department of Revenue began issuing the surplus rebate checks in late May. According to House Bill 112, refunds are not taxable for Georgia individual income tax purposes but could be taxable on federal returns. 'Our Department is ready to get this third round of refunds out the door efficiently and securely,' said State Revenue Commissioner Frank O'Connell. 'We appreciate the continued partnership with the Governor and the General Assembly in making this happen.' According to a press release from the Department of Revenue, taxpayers can check their eligibility using the Surplus Tax Refund Eligibility Tool, available through the Georgia Tax Center, by inputting their tax year, Social Security Number or Tax Identification Number, and Federal Adjusted Gross Income. For more details on the 2025 tax rebate distribution and to track the status of your rebate check, visit: The post How to get a $500 Georgia Tax Rebate Check appeared first on Capital B News - Atlanta.
Economic Times
a day ago
- Business
- Economic Times
Georgia residents to get up to $500 in surplus tax refunds starting this week: Here's how you can claim it
Live Events What is the eligibility criteria? How much can you expect? Georgia has issued surplus tax refunds of up to $500 to eligible residents, with payments starting this week. This initiative, authorized by House Bill 112 and signed into law by Governor Brian Kemp in April 2025, allocates nearly $1.2 billion from the state's $16.5 billion reserves to provide financial relief to in Georgia could be getting up to $500 in the near future as tax rebates are sent out. In April, Governor Brian Kemp signed House Bill 112 into law, authorizing a $1 billion special state income tax marks the third special tax refund Georgia has issued in recent years, following similar rebates in 2022 and 2023. Eligible taxpayers will receive the one-time refund after their 2024 state tax returns are processed, provided they meet specific requirements."Here in Georgia, we safeguard every dollar of taxpayer money, because we know it belongs to the people, not the government," Kemp said. "While other states are running up budget deficits and raising taxes on their citizens, we're investing in the priorities of our state while further cutting taxes and returning more than a billion dollars to hardworking Georgians! That's on top of the tax relief we've given in prior years and is a direct result of our conservative budgeting.'To qualify, taxpayers must have filed their 2023 and 2024 individual income tax returns, contributed to the state tax system, and have no outstanding debts with the Georgia Department of Revenue According to the official website of Georgia's Department of Revenue, you may be eligible for the HB 112 Surplus Tax Refund if you:File your Individual Income Tax Return for tax year 2023 and tax year 2024 by the May 1, 2025 deadline (or by October 15, 2025, if an extension was granted)• Had a tax liability for tax year 2023• Are a Georgia resident, part-year resident, or non-residentThe last date to file tax returns for 2024 was extended from April 15 to May 1 following the aftermath of Hurricane refund amount for individual filers will be based on their 2023 tax liability and is capped at:$250 for single filers or those married filing separately$375 for heads of household$500 for couples filing jointlyIf you're not sure if you are eligible for a refund, you can check via the Surplus Tax Refund Eligibility Tool, available through the Georgia Tax Center, by inputting your tax year, Social Security number or tax identification number and federal adjusted gross rebate amount a beneficiary receives depends on their filing status:$250 for single filers$250 for those married but filing separately$375 for head of household filers$500 for couples filing jointlyUnder Georgia law, these rebate payments are not subject to state taxes. However, if a recipient has outstanding debt owed to the state, the rebate may be reduced to offset that you paid state taxes or received your refund through direct deposit, your rebate will be deposited directly into your bank account. If you filed your return by mail, you'll receive the rebate as a paper Georgia law, the rebate is not treated as taxable income. However, it may be reduced or withheld to offset any debts you owe to the states are offering similar rebates. In New York, eligible taxpayers will receive inflation relief checks of up to $400, as confirmed by Governor Kathy will be issued using the method selected in your standard refund instructions—either direct deposit or paper check. The Department has advised allowing 6–8 weeks from the May 1 deadline for payments to be processed. Typically, electronic deposits are issued sooner than mailed can track your refund through the Georgia Tax Center's e-filing services by entering the relevant tax year, your Social Security Number or ITIN, and your Federal Adjusted Gross Income (FAGI). If you've moved, make sure your address is updated in your Georgia Tax Center account.'As families continue to deal with the effects of rising costs, I want to thank our legislative partners for making this possible and for supporting their fellow Georgians,' said Governor Governor Brian Kemp, in a statement: "Because we've managed our state's resources wisely, we're again able to return money to hardworking Georgians who know how best to use it. Along with our acceleration of the largest income tax rate cut in state history, this latest refund is just one more way we're working to support the people of our state, their families, and their businesses, because that's not the government's money, it's theirs!"Georgia State Revenue Commissioner Frank O'Connell: "Our department is ready to get this third round of refunds out the door efficiently and securely. We appreciate the continued partnership with the governor and the General Assembly in making this happen."
Newsweek
a day ago
- Business
- Newsweek
Millions of Americans To Get Tax Rebate of up to $500
Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Taxpayers in Georgia could be getting up to $500 in the near future as tax rebates are sent out. Why It Matters In April, Governor Brian Kemp signed House Bill 112 into law, approving a $1 billion special state income tax refund. It marks the third time in recent years that Georgia has issued a special tax refund, with previous rebates distributed in 2022 and 2023. What To Know The one-time rebate will be distributed to eligible taxpayers after their 2024 state returns have been processed, provided they meet certain criteria. To qualify, taxpayers must have filed their 2023 and 2024 individual income tax returns, contributed to the state tax system, and have no outstanding debts with the Georgia Department of Revenue. Taxpayers in Georgia could be getting up to $500 in the near future as tax rebates are sent out. Taxpayers in Georgia could be getting up to $500 in the near future as tax rebates are sent out. GETTY The refund amount for individual filers will be based on their 2023 tax liability and is capped at: $250 for single filers or those married filing separately $375 for heads of household $500 for couples filing jointly If you're not sure if you are eligible for a refund, you can check via the Surplus Tax Refund Eligibility Tool, available through the Georgia Tax Center, by inputting your tax year, Social Security number or tax identification number and federal adjusted gross income. If you paid state taxes or received your refund via direct deposit, the rebate will be deposited into your bank account. If you filed by mail, you'll receive a paper check. Under Georgia law, the rebate is not considered taxable income. However, the amount could be reduced or withheld to cover any outstanding debts that may be owed to the state. Similar tax rebates are issued in other states. Checks of up to $400 will be paid to eligible taxpayers in New York after Governor Kathy Hochul confirmed plans for inflation refund checks. What People Are Saying Georgia Governor Brian Kemp, in a statement: "Because we've managed our state's resources wisely, we're again able to return money to hardworking Georgians who know how best to use it. Along with our acceleration of the largest income tax rate cut in state history, this latest refund is just one more way we're working to support the people of our state, their families, and their businesses, because that's not the government's money, it's theirs!" Georgia State Revenue Commissioner Frank O'Connell: "Our department is ready to get this third round of refunds out the door efficiently and securely. We appreciate the continued partnership with the governor and the General Assembly in making this happen." What Happens Next In addition to HB112, the General Assembly passed HB111, reducing the Peach State's income tax rate from 5.39 percent to 5.19 percent.
Yahoo
a day ago
- Automotive
- Yahoo
Atlanta Motor Speedway gets a new name
Say goodbye to the Atlanta Motor Speedway and hello to EchoPark Speedway. Gov. Brian Kemp joined officials on Tuesday morning at the iconic track in Hampton to announce the new name. EchoPark Automotive has secured a seven-year, multimillion dollar agreement for the naming rights. Advertisement [DOWNLOAD: Free WSB-TV News app for alerts as news breaks] Channel 2's Alison Mastrangelo was there as the new name and branding were unveiled around the speedway. 'We're thrilled to partner with an innovative, customer-focused company like EchoPark Automotive as the entitlement partner of our newly named EchoPark Speedway,' said Speedway Motorsports President and CEO Marcus Smith. 'This partnership will fuel great experiences for fans attending our speedway for years to come.' After the announcement, NASCAR driver Ross Chastain took Gov. Kemp on a ride around the newly renamed track. Fans will get their first chance to see the new track logo along the track walls and Victory Lane at the Quaker State 400 Available at Walmart on Saturday, June 28. Advertisement EchoPark Automotive specializes in pre-owned vehicle sales and is one of three operating segments of Sonic Automotive, Inc., a Fortune 300 company and one of the largest automotive and powersports retailers in the U.S. According to a news release, EchoPark Automotive operates 17 locations in 13 markets, including Georgia, Tennessee, and Alabama, where a majority of Atlanta NASCAR fans travel from each year to visit the historic speedway. 'We have enjoyed serving guests in the Atlanta metro area since EchoPark Atlanta opened its doors in 2020,' said David B. Smith, Chairman and CEO of Sonic Automotive. 'This partnership allows us to share the value of the exceptional EchoPark car-buying experience with more guests in Atlanta and the surrounding area who enjoy the excitement of NASCAR racing at this iconic venue.' [SIGN UP: WSB-TV Daily Headlines Newsletter]
