Stimulus update: Deadline to file taxes for rebate of up to $400 in Virginia approaching in weeks

The deadline for residents in the commonwealth of Virginia to file their 2022 state income taxes to qualify for a tax rebate of up to $400 is rapidly approaching.

Virginia taxpayers who have not filed their taxes have until Nov. 1, the extension date from the May 1 deadline, to qualify for the rebate being sent out by the Old Dominion.

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The rebates being sent out by the state will be up to $200 for individual filers and up to $400 for joint filers. The state said not all taxpayers in Virginia would be eligible for the rebate, but it did say that those who have a tax liability are among those who will be eligible.

The Virginia Department of Taxation says that the timetable for when the rebates will be issued out to taxpayers (as well as taxpayer-specific eligibility information) is unavailable but will be revealed later.

The tax rebates were approved as part of Virginia’s annual budget, which Gov. Glenn Youngkin (R-VA) signed into law in September. The new round of rebates also comes a year after Virginians received tax rebates of up to $500 in 2022.

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“This budget is the result of what we can accomplish when we put politics down and choose conservative commonsense solutions and make critical investments to ensure Virginia is the best state to live, work, and raise a family,” Youngkin said in a statement. “I’m proud that we’re delivering on our promises to our veterans, our families, and fellow Virginians to lower the cost of living by providing an additional one billion dollars in tax relief on top of last year’s historic four billion dollars.”

Youngkin also touted $1 billion in tax cuts as part of the state’s annual budget, saying he signed $5 billion in tax cuts since he took office in January 2022.