Virginia’s stimulus check is now a reality. Find out the details
new Stimulus check will become a reality for Virginians, Who may now be eligible to receive up to $400. The tax relief package includes this amount of money to provide tax refunds to millions of residents of the southeastern US state.
“This budget is a result of what we can achieve when we put politics aside, choose common-sense conservative solutions, and make important investments to ensure Virginia is the best state to live, work, and raise a family.”The governor said Glen Youngkin In a press release.
It should be noted that with this money, Virginia tax refund In different amounts: they will be awarded $ 200 For individual taxpayers and checks $400 They will go directly to married couples to file jointly. Within the budget, it was also considered that the standard deduction would increase to $8,500 for single filers and $17,000 for married filers.
What requirements must you meet to receive a $400 stimulus check?
- In principle, you must be a resident of Virginia.
- Second, you must file your taxes by November 1 to receive your tax refund. You can refer to your individual income tax return to see what filing options are available to you.
Of course, not all taxpayers qualify. According to the State Tax Board, if you had a tax liability last year, you will receive up to $200 if you file individually and up to $400 if you file jointly.
“A tax liability is the amount of taxes you owe during the year minus any credits (such as an earned income tax credit or a tax credit you paid to another state), deductions, or subtractions.”The Virginia State Tax Board explained.
How will the payment be?
If you received a refund via direct deposit this year, you will likely receive your refund via direct deposit into the same bank account. All other eligible taxpayers will receive their refunds via paper check in the mail.
Under what circumstances can my check be blocked?
If you owe money to certain government agencies and organizations, your refund will be used to pay off that debt before the rest is sent to you in a check.
If you owe more than your refund, they will send you a letter explaining how your refund will be used to cover the debt.
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