Stimulus update: New tax refund bill to give Georgia residents up to $500 in coming weeks
Rachel Schilke
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A recent bill signed by Gov. Brian Kemp (R-GA) could give up to $500 to taxpayers who filed their tax returns in the last two years.
The bill, signed on March 15, provides Georgia residents who filed their 2021 and 2022 tax returns a special income tax refund. The refund is thanks to a $1 billion surplus in the state’s funds. The Department of Revenue will begin issuing payments in the next six to eight weeks, and taxpayers must file their returns before they can receive a refund.
STIMULUS 2023: HUNDREDS OF THOUSANDS OF MAINE RESIDENTS TO RECEIVE $450 DIRECT PAYMENTS IN WEEKS
Single-filer taxpayers and married people filing separately will get $250, heads of households will receive $350, and married people filing joint returns will receive $500 based on tax liability.
Those filing taxes before or on April 18 can expect a refund by July 1.
“While some in Washington, D.C., are calling for tax increases, we’re sending money back to hardworking Georgians,” Kemp told WSB-TV. “And while they want to grow government, we’re growing opportunity.”
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Last year, we returned over a billion dollars to the taxpayers of our state, and I’m proud we’re doing it again,” he added. “Thank you to those in the General Assembly who supported this measure to help Georgia families fighting through 40-year-high inflation.”
When the Revenue Department is set to begin issuing payments, it will launch a tool online for taxpayers to check the status of their refunds.