Millions of Americans are eligible for a tax exemption of up to $500, but they need to apply before the summer deadline passes.
Several state governments have been trying to provide additional support to residents since the COVID-19 pandemic.
and the Virginia General Assembly approved a do Discounts for eligible residents.
Virginia Residents who filed their taxes before July 1, 2022 are likely to receive their tax exemptions during September or October this year.
A resident’s tax liability, which is the amount of taxes owed on any credits throughout the year, will determine whether they receive a lump-sum payment.
Meanwhile, couples filing their taxes together can receive payments of up to $500.
According to the Virginia Department of Taxation, residents who think they may qualify for a tax exemption must file their taxes by November 1.
Tax exemptions are expected to be sent through check or direct deposit, depending on how an individual received his tax refund.
Residents should also make sure that their information, such as their postal address, name or Social Security number, is up to date with the state tax department.
According to the WJLA report, those who need to update their information have until August 15 to do so.
The exemption is being funded from a state budget surplus of $1.2 billion.
Virginia joins several other states in issuing tax exemption checks this year, as lawmakers work to navigate skyrocketing prices and rising cost of living.
below Revised Tax exemption program, individuals will receive $750 and joint filers will receive $1,500.
While Governor Jared Polis urged residents to file by June 30, they can still receive payments if they file by the extended filing deadline of October 17.
To apply, you must be a Chicago resident, at least 18 years old, and have a current and valid city sticker with the correct mailing information for your vehicle.