Tax rebate 2022: Virginia residents have just eight days to claim rebate worth up to $500

Jack Birle

October 24, 12:39 PM October 24, 12:49 PM

Select Virginians have until the beginning of next month to file their 2021 taxes in order to receive a tax rebate of up to $500.

Residents must have received a tax liability for their taxes to get a rebate of up to $250 for individual filers and $500 for joint filers, according to the Virginia Tax Commission.

JANET YELLEN BOASTS OF COUNTRY’S ‘ECONOMIC WELL-BEING’ AHEAD OF MIDTERM ELECTIONS

The state's online portal for the rebates opened on Sept. 19, with eligible residents who filed their 2021 taxes by Sept. 5 set to receive their rebate by the end of October. There are 3.2 million taxpayers in Virginia who are eligible for the tax rebates, according to the state.

The state's tax commission defines a tax liability as the amount of money owed in taxes subtracted by tax credits or deductions.

Gov. Glenn Youngkin (R-VA) touted the bipartisan tax rebates for giving money back to citizens in a press release last month.

"As Virginians face high inflation and prices coming from policies set in Washington, these one-time tax rebates will help families lower the cost of living," Youngkin said. "Past administrations have overtaxed Virginians and by returning taxpayer money to Virginia's taxpayers we are ensuring that hard working Virginians get to keep more of their paycheck during these difficult economic times."

Rebates will be delivered to eligible Virginians by direct deposit or paper check — to those who file their 2021 taxes by Nov. 1.

Virginia officials have also said the rebate will be used to fulfill any outstanding debt to certain government agencies or departments before being given to people.