The Office of the Governor in Virginia announced that an amount of up to $400 in tax rebates will hit their bank account today, October 25.
Tax rebates will start to hit the banks for qualified taxpayers in Virginia. (Photo: MARCA)
$400 in Tax Rebates
The General Assembly approved the 2023 tax rebates in Virginia. Following this, the Office of the Governor announced that an amount of up to $400 will be sent to eligible and qualified taxpayers in the state beginning today, October 25.
In a published article in WDBJ, the state of Virginia clarified that it started to distribute tax rebates on the 23rd of this week and is expected to finish most rebates on November 7. The Office of the Governor also said that the tax rebates will be sent on a rolling basis and some taxpayers will receive their extra money within three weeks.
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State Governor Released a Statement
According to an article published in PC PATRIOT, Virginia Gov. Glenn Youngkin said, “We’re excited to announce that tax rebates will begin to be distributed in the coming days. As Virginians continue to face inflation and high prices as a direct result of policies out of Washington, D.C., these rebates are an important step going into the holiday season to help Virginians keep more of their hard-earned money for gas, groceries and essentials.”
Meanwhile, Secretary of Finance Stephen Cummings also added, “For the second time in two years, the Commonwealth is returning excess tax revenues to Virginia taxpayers. Over the next few weeks, more than $900 million will be refunded to taxpayers that filed a Virginia income tax return for tax year 2022. That brings the total to $2 billion in excess tax receipts that are being returned directly to Virginia families since last fall.”
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