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Yahoo
7 days 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.
Yahoo
03-06-2025
- Business
- Yahoo
Georgia tax rebate: Refund checks should start being issued this week
The Brief The Georgia Department of Revenue is about to start sending out tax rebate checks to all eligible taxpayers in the Peach State. The rebate ranges from $250 for individuals to $500 for couples filing jointly. To be eligible, taxpayers have to be a full-time Georgia resident, not be claimed as a dependent in 2023, and file tax returns for 2023 and 2024. ATLANTA - Good news for some Georgia taxpayers - the much-anticipated tax rebate checks should start arriving this week. The state is returning up to $500 to eligible taxpayers, and the Georgia Department of Revenue said it is about to start issuing the refunds. What we know In April, Gov. Brian Kemp signed House Bill 112 into law, authorizing a $1 billion special state income tax refund. The one-time rebate is available to eligible taxpayers who meet specific requirements and will be issued after the processing of 2024 state returns. The rebate amounts are: $250 for individuals filing as single or married filing separately $375 for those filing as head of household $500 for couples filing jointly If you paid your state taxes or get your refund through direct deposit, the money will go straight into your bank account. If you used the mail, you will get an actual paper check. Under Georgia law, the rebates will not be considered taxable income. However, they may be reduced or offset if the recipient owes outstanding debts to the state. No interest will be paid on the refund amounts. This is the third time that Georgia has issued a special tax refund to residents in the last few years. Previous refunds had been issued in 2022 and 2023. What they're saying "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,"Gov. Brian Kemp said in a statement on Monday announcing the start of the refund. "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!" "Our Department is ready to get this third round of refunds out the door efficiently and securely," State Revenue Commissioner Frank O'Connell said. "We appreciate the continued partnership with the Governor and the General Assembly in making this happen." Dig deeper To qualify for the rebate, taxpayers must: File Georgia income tax returns for both 2023 and 2024 Not be claimed as a dependent on someone else's 2023 return Be a full-time Georgia resident for tax purposes What's next As long as you had filed your taxes by the deadline of May 1, the state says that you should expect to see your refunds in the coming weeks. You can check the status of your surplus tax refund here. A little bit more good news - when Georgia taxpayers file next year, the state's income rate will drop from 5.39% to 5.19%. The Source Information for this report was provided by the office of Gov. Brian Kemp and previous FOX 5 reporting.
