AMERICANS could get another round of rebate checks worth up to $500.
Georgia Gov. Brian Kemp is considering granting tax breaks to residents, Fox 5 Atlanta reports, citing sources.
A plan would look similar to the one adopted this year.
In May, the state began sending direct payments of between $250 and $500 to taxpayers.
Previously, the Georgia Department of Revenue reported processing nearly 5.3 million individual income tax returns and issuing over 3.4 million refunds.
Who would be entitled to the refund?
First, keep in mind that the details aren’t clear yet, as Gov. Kemp hasn’t announced an official plan.
There’s also no guarantee it’s even a proposal — let alone another law.
But as part of the latest round of rebates, millions of Georgia residents qualified.
Generally, those who were year-round residents of Georgia and filed 2020 and 2021 tax returns qualified.
Meanwhile, a half-year person who filed individual tax returns for 2020 and 2021 was entitled to a “proportional refund.”
And if you had liabilities to the state, such as B. delinquent child support payments, this reduced your reimbursement.
The rebates were $250 for singles, $375 for heads of household, and $500 for those who submitted jointly.
The move comes as Mr Kemp faces a gubernatorial challenge from Democratic political leader Stacey Abrahams.
Ms Abrahams revealed a plan of her own that would give the same discount Georgia gave in the first round.
However, there would be an income limit under her plan.
All families earning less than $250,000 would qualify for a rebate check.
“Georgia needs to stop giving away money to millionaires and make sure we put money in our families’ pockets,” Ms Abrahams said, criticizing the incumbent governor for giving handouts to the rich.
Another round of rebates would come as Georgia reportedly sat with an approximately $5 billion surplus for its June fiscal year.
In addition, Mr. Kemp is considering property tax rebates for homeowners.
An announcement on both discount plans is expected later this week, according to Fox Atlanta.
The Sun reached out to Gov. Kemp’s press office for comment.
Other states send money
Meanwhile, other places across the country are sending money to residents.
For example, thousands of Hawaii residents will receive a one-time tax refund this month.
Those earning less than $100,000 a year get a $300 rebate.
If your income is above this threshold but below $200,000, you will receive $100.
In addition, families with children could get more money.
For example, a family of four could receive $1,200.
Recently, Rhode Island Gov. Daniel McKee said families can get up to a $750 child tax credit.
Any Rhode Island taxpayer with dependents under the age of 18 is eligible for the credit and no application is required.
Taxpayers who submitted by August 31 will receive rebates starting in October.
Almost 115,000 families in the state are expected to benefit.
In Connecticut, Gov. Ned Lamont expects up to $750 worth of child tax credits to be paid out this month.
The following income criteria must be met in order to qualify for the loan:
- Single or married and filing separately: $100,000 or less
- Head of household: $160,000 or less
- Married Joint Filing: $200,000 or less
The rebate is reduced by 10% for every $1,000 a household earns above these thresholds, according to the state.
Eligible families had until July 31 to apply.
To learn more about how you can make money, there are dozens of cities and states that offer Universal Basic Income.
And here are the 12 states that are offering up to $1,000 in direct payments to parents.
https://www.the-sun.com/money/5964747/tax-rebates-georgia-checks-qualify/ Millions of Americans could be in line for up to $500 in tax refunds as part of a fresh new round – see if you qualify