Tax Rebate: Who’s eligible for a direct fee of as much as $1,000?

The governor of georgia, Brian Kemphas unveiled a number of tax rebate plans intended to help U.S citizens cope with inflation.

In his revised budget proposal for 2022 and 2023, Kemp stated that he would consider giving back a total of 2bn dollars in property and income tax rebates.

“As home prices skyrocket across the country, local property tax bills here in Georgia are hitting homeowners especially hard,” Kemp stated.

“For families struggling to make ends meet, I know that higher bills in the mail can force cutting back on other household necessities.”

How much are the Georgia direct payments?

Single filers would receive 250 dollars, heads of households with dependents would receive 375 dollars and married couples would receive 500 dollars as part of the income rebate. It would resemble the direct payments the state began distributing in May.

Around 500 dollars would be the average rebate amount. If residents meet all requirements, they could be eligible for up to 1,000 dollars.

Who is eligible for the Georgia tax rebates?

The specifics of eligibility for both payments are yet unclear, though the income tax rebate might resemble the eligibility under round that was distributed to taxpayers in May.

Residents who were employed full-time and submitted tax returns for both 2020 and 2021 qualified for those rebates.

An individual with a part-year tax filing status was qualified for a “proportional refund” for the years 2020 and 2021.

Additionally, your refund was decreased if you owed the state money, such as child support payments.

Of course, eligibility this time around would apply to tax returns from 2021 and 2022.

Why is Georgia giving out direct payments?

The decision was made as Kemp faces a challenge from democratic political leader and voting rights activist Stacey Abrahams for governor and as the state is reportedly resting on an estimated 5bn budget surplus.

Abrahams unveiled a different idea that would offer a rebate of the same size as Kemp‘s new proposal. However, her proposal would include an income cap.

Every family with an income under 250,000 dollars would be eligible for a refund payment.

The current governor has come under fire from Abrahams for handing out subsidies to the wealthy.

Moreover, she has stated that she will spend the remaining budget surplus to tackle “foundational challenges” such as Medicaid expansion, small business growth, rural broadband, and workforce development.

Uncertainty surrounds whether or what Kemp will do with the remaining billions in surplus funds.

Also keep in mind that even while a rebate is supported, it isn’t a given that it will occur. The plan would need approval from the general assembly, which won’t meet again until January, in order to proceed.