Reposted from the Virginia Department of Taxation website.
Not every taxpayer is eligible. If you had a tax liability last year, you will receive up to $250 if you filed individually, and up to $500 if you filed jointly.
Tax liability is the amount of tax you owe throughout the year minus any credits, like the credit for taxes you paid to another state or the credit for low income individuals. We’re unable to provide taxpayer-specific information about eligibility at this time.
We won’t start issuing tax rebates until fall 2022
If you’re eligible and filed by July 1, Virginia will send your rebate by October 17, which means you should receive it by October 31.
For those who have yet to file for 2021 and are eligible, you must file your taxes by November 1 to receive the rebate. See Individual Income Tax Filing for your filing options.
Some taxpayers will receive the rebate by direct deposit and some will receive a paper check
If you received a refund by direct deposit this year, you’ll likely receive your rebate by direct deposit in the same bank account. All other eligible taxpayers will receive their rebate by paper check in the mail.
Make sure your mailing address is up-to-date
See How to Change Your Name, Address, or Social Security Number for more information, and be sure to make those changes by August 15.
As we have been doing with all urgent tax news, we will be sure to update you with any additional insight as soon as possible. Continue to check back here for the most up to date tax information. If you have questions about this or related topics contact an MCB Advisor at 703-218-3600 or click here.
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