Virginia Tax Rebate

The General Assembly passed a law giving eligible taxpayers a tax “stimulus” rebate. The new Virginia Tax Rebate is part of a bipartisan plan approved as a state budget item, according to the Virginia Department of Taxation. The one-time tax rebate will be distributed to about 3.2 million Virginians. Individual filers are eligible for a maximum of $250, and joint filings will receive $500. However, the amount varies based on the individual’s personal circumstances.

Those who filed their taxes early should expect to receive the rebate by late October. The state plans to send a paper check or direct deposit to their bank accounts. A call center will also be set up for taxpayers.

How to Qualify for Virginia Tax Rebate?

In order to qualify for the rebate, a taxpayer must have filed a Virginia income tax return for 2023. They must also have a tax liability based on the total amount of their income minus any credits or deductions.

If you’re unsure if you’re eligible, the Department of Taxation has a website that will tell you. You can also call or e-mail the department to find out if you’re qualified. Some eligible individuals are the elderly and people who are disabled. In some cases, the rebate may be in the form of a tax deferral.

The rebate will be processed “first in, first out,” meaning that the money will be paid out to the holder in order of their receipt of the state tax return. The Virginia Department of Taxation will issue it.

Virginia Department of Taxation has created a webpage to explain the rebate. Interested taxpayers can use this site to determine whether they are eligible. The site includes a video explaining the process. If you are unsure if you are eligible, you can also use the rebate lookup tool. This requires an Individual Tax Identification Number and your zip code.