Georgia Governor Brian Kemp recently signed House Bill 162, ushering in the state’s second large income tax refund in as many years. (Photo: Tax Outreach)
Georgia Governor Brian Kemp recently signed House Bill 162, ushering in the state’s second large income tax refund in as many years.
The funds account for $1 billion of the state’s massive $6.6 billion budget surplus.
Kemp ran on the one-time rebates during his successful re-election campaign last fall.
ONE-TIME REBATE QUALIFICATIONS
Contrary to what the majority believes, the rebates are the same exact size as the refund from last year.
Meanwhile, solo filers are still entitled to $250, heads of households are entitled to $375, and couples are allowed to $500.
To be eligible for this year’s one-time rebate, you must have filed both your 2021 and 2022 taxes.
It is important to remember that the amount you receive cannot exceed your previous tax liability.
Nonresidents living in the state and those claimed as dependents on someone else’s taxes are ineligible for the rebate.
The Georgia Department of Revenue (DOR) plans to begin issuing one-time rebates, which can range from $250 to $500 in two to eight weeks.
If you file on or before April 18, you will receive your one-time rebate by July 1.
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