Georgia residents look out for payments of $250 to $500 from the state. The money is a one-time direct payout from the state's $6.6 billion budget surplus. Every day in May, officials will send out rebates to taxpayers who qualify.
In 2022, Georgians also received significant rebates. The state returned over a billion dollars to residents. Governor Brian Kemp is proud to have the state hand over as much this year.
Kemp continued explaining that the payment occurs under House Bill 162. He said Georgia is sending money back to hardworking citizens. Meanwhile, other states want to increase taxes.
Who qualifies?
Georgian residents with an income tax liability. The amount primarily depends on your filing status. But other factors can cause the amount to be lower or higher. For example, your rebate cannot be more than your previous income tax liability or you may have outstanding state debts. Ineligible citizens include nonresidents living in the state or people claimed as dependents.
Here are the estimates announced by the state.
- Solo filers receive $250
- Heads of household filers get $375.
- A couple filing jointly receives $500.
If you qualify, you will receive the payment by mail or direct deposit as stated on your 2022 filings.
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