Tax refund: additional $500 in this state

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Some state residents may see an extra $500 in their tax refund this year thanks to a new state proposal.

Georgia Governor Brian Kemp would like to take money from the state surplus and give it to Georgia residents.

The credit would be worth $250 to $500.

While this may help many struggling residents, not everyone is in favor of the proposal.

Many believe that in the wake of cuts to health services and education, this is simply a ploy to increase the popularity of the election, according to The Sun.

IRS: Use these calculators to estimate your tax refund

Georgia Resident Tax Credit

Single filers would see $250 while joint filers might see $500.

The $1.6 billion would come from the $2.2 billion surplus Georgia accumulated in 2021.

The fiscal budget was cut in 2021 over fears of lower revenues during the pandemic, but that does not appear to be the case.

The education budget has been restored.

The extra money will now hopefully go towards 2022 tax refunds.

State taxes: Interest rates reduced up to 75% before the deadline

Do these tax refunds actually take place?

The governor said anyone filing their taxes by the April 18 deadline will see the refund.

While this is ideal, it is still not a guarantee.

For the reimbursement to be approved, the General Assembly must first vote on it.

While lawmakers aren’t against returning funding to taxpayers, their primary concern is to ensure programs are still underfunded due to COVID-19.


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