Georgia Tax Refund Surplus Checks Are Coming!
Georgia tax refund surplus checks are coming! Who couldn’t use a little extra money right? You might have already received your check, or it might’ve already been deposited into your…
Georgia tax refund surplus checks are coming! Who couldn't use a little extra money right? You might have already received your check, or it might've already been deposited into your account. If not, don't worry it should be coming soon. According to 11Alive, you should be getting your money within the next few weeks.
So why are we getting this money? According to the 11Alive article its because Georgia has a very large budget surplus, it was more than $6 billion - of which $1 billion the governor and legislature have decided to return to taxpayers in the form of these payments. So who will be getting the money and how much will they get?
To receive the funds, filers must have paid and filed taxes for the past two tax years.
Below is the structure of the payments:
- $500 for married couples filing jointly
- $375 for single filers with dependents
- $250 for single filers
Also in the 11Alive article they said, according to a spokesperson for the agency, Georgia's DOR has already processed over 1.1 million refunds totaling $257 million. If you haven't received your money yet, don't worry. The DOR said the refunds will go out over the next eight weeks for those who filed by April 18. Those who filed after the tax deadline will of course wait a little longer as refunds will not be issued until one's 2022 tax returns have been processed, according to state officials.
So just be patient, your money should be on the way. To read the full article from 11Alive about the Georgia tax refund surplus checks, just click here.
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