Latest news with #TaxIdentificationNumber
Yahoo
5 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
6 days ago
- Business
- Yahoo
Governor's office said it will start issuing special tax refund checks this week
The governor's office said it will start issuing one-time, special tax refunds this week. The bill passed earlier this year will mean money back in your pocket. Here is the breakdown: $250 for single filers and married individuals filing separately $375 for head of household filers $500 for married individuals filing jointly '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. '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!' 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. TRENDING STORIES: 'Real Housewives of Atlanta' star Dwight Eubanks diagnosed with stage 4 prostate cancer Drivers caught racing on busy Duluth road Person found 'slumped' over in U-Haul leads to discovery of stolen IDs, fentanyl
Barnama
13-05-2025
- Business
- Barnama
IRB: E-invoice Simplifies Tax Reporting, Helps MSMEs Plan Finances
GENERAL KUALA LUMPUR, May 13 (Bernama) -- The implementation of e-Invoice will not burden micro, small and medium enterprises (MSMEs) but will provide benefits in business management and tax compliance, according to the Inland Revenue Board (IRB) e-Invoice Division director, Mohamad Rozainy Mohamad Arif. He said the implementation of e-Invoice is to replace manual invoices by containing complete transaction information such as goods, quantity, price, tax and the Tax Identification Number (TIN) of the seller and buyer. 'It helps MSMEs plan finances, simplify loan management and tax reporting, as well as reduce the risk of losing or damaging manual documents,' he said when featured in Bernama Radio's Klinik Cukai HASiL programme today. Mohamad Rozainy said the implementation of the third phase of e-Invoice starting July 1 will involve taxpayers with annual income between RM500,000 and RM25 million, while all other taxpayers will be required to do so starting Jan 1, 2026. Since the implementation of e-invoice in phases starting Aug 1 last year, more than 280 million transactions have been recorded involving almost 30,000 taxpayers, he said. Mohamad Rozainy said in a bid to help taxpayers obtain accurate information and make necessary preparations, various initiatives were provided to support the implementation of e-Invoices, especially for MSMEs, including free briefings nationwide, service counters at IRB offices and a 24-hour helpline at 03-8682 8000. He said IRB also provided the MyInvois portal and app free of charge for all taxpayers, while the MyInvois Electronic Point of Sales (e-POS) System was offered free of charge to MSMEs that did not yet have a point of sale (POS) system. 'The government has also given taxpayers six months' flexibility to implement e-Invoice more flexibly. This flexibility allows sellers to issue a consolidated e-Invoice without having to issue an e-Invoice for each transaction,' he said. Meanwhile, for online traders, especially on local e-commerce platforms, Mohamad Rozainy said the implementation of e-Invoice was the responsibility of the platform provider alone, while MSMEs only needed to ensure their business information was always updated.
