After submitting your return, please allow at least 2-3 weeks of processing time before checking your refund status. How you know. What might reduce the amount of a refund? @GovKemp signed a bill into law where households in Georgia will get a state income tax refund of $250 to $500 due to a $2.2 billion budget surplus. No, even though you filed a 2021 return, H.B. May 11, 2022, at 6:11 p.m. Kemp: $1.1 Billion in Georgia Tax Refunds Begins This Week. What are some reasons I might not have received an H.B. Income Tax & Refunds | Georgia.gov The payments would go to people who filed their 2021 taxes before the April 18 deadline. You will not pay any Georgia tax on the special refund because HB 1302 prohibits it. This legislation allows for an additional refund of income taxes from 2020, due to the state experiencing a revenue surplus. Gov. Kemp: Georgia Department of Revenue to Begin Issuing Special, One An official website of the State of Georgia. For such taxpayers, the proration ratio can be found on the 2020 tax year Georgia Form 500, Schedule 3, Line 9. The refund would only be paid to people who filed tax returns for both the 2020 and 2021 tax years, and no one can get back more than they paid in state income taxes in 2020. All rights reserved. State of Georgia government websites and email systems use georgia.gov or ga.gov at the end of the address. Employers who file late may face penalties and will slow the processing of their employees' tax returns. Facebook page for Georgia Department of Revenue, Twitter page for Georgia Department of Revenue, General Corporate Income and Net Worth Tax Information, ACH Credit Electronic Funds Transfer Information, What to do if you receive a proposed assessment. However, the process may take up to 90 days. Ways to check your status Check your refund online (does not require a login) Sign up for Georgia Tax Center (GTC) account. "When government takes in more than it needs, I believe those dollars should be returned to the taxpayer, because that is your money - not the government's,"said Governor Kemp. Georgia Residents to Receive One-Time $250 - $500 Tax Refund - HNGN An official website of the State of Georgia. GTC provides online access and can send notifications such as when a refund has been issued Use the automated telephone service at 877-423-6711 When should I call? Once a qualified taxpayer files an individual income tax return for tax year 2021, the Georgia Department of Revenue will automatically credit the taxpayer with a one-time refund amount: Governor Kemp, in addition to the many members of the House and Senate who voted in favor of this important measure, would like to thank the following bill sponsors of HB 1302:"I applaud Governor Kemp's leadership in returning surplus revenue to the deserving, hardworking taxpayers of Georgia,"said Floor Leader Josh Bonner. January 26, 2023 The Georgia Department of Revenue (DOR) today announced that the Department will begin processing individual income tax returns on Wednesday, February 1, 2023. HB 1302 specifically provides that the refund is, Businesses must file employee W-2 information with DOR by. If you itemized your 2021 deductions, include the special refund, in your gross income to the extent you received a federal tax benefit from the 2021 deduction. Georgia's official Department of Revenue website informed taxpayers that will issue most of the special income tax refunds by July 1, for people who have filed on or before April 18. H.B. Kemp signs income tax refund bill into law as Perdue blasts move - CNN 2021 - HB 1302 Surplus Tax Refund FAQs For additional information, please review these frequently asked questions: https://dor.georgia.gov/hb-1302-tax-refund-faqs. Gov. Kemp Signs State Income Tax Refund Bill 1302 refunds will not be issued until your 2021 tax return has been processed, which may delay your H.B. The measure gives refunds of $250 to $500 to people who filed tax returns for 2020 and 2021. Kemp also persuaded lawmakers to suspend Georgia's motor fuel tax through May 31 and signed a measure that is supposed to eventually create a 4.99% flat state income tax, down from the current top rate of 5.75%. Georgia Gov. How you know. All rights reserved. An official website of the State of Georgia. Georgia residents to receive one-time, extra refund. Georgia tax refund: What to know about extra state income tax refund How you know. The AFY 2023 budget signed by Governor Kemp on March 10 accounts for the special refund, with over $1 billion in surplus funds on its way back to taxpayers. the 2022 fiscal year budget still leaves several . Perdue instead wants a plan to phase out Georgia's entire state income tax. An official website of the State of Georgia. For example, if your filing status was Single in 2020 and Head of Household in 2021, you would receive a maximum refund of $250, not a maximum refund of $375 that is allowed for Head of Household filers. In 2022, the Georgia General Assembly recently passed and Governor Kemp signed legislation allowing for an additional refund of income taxes from tax year 2020 because the state of Georgia experienced a revenue surplus. 4 min read Gov. Atlanta, GA 30349-1824. An official website of the State of Georgia. The Department is following Governor Kemps income tax refund proposal closely and details will be available on the DOR website once finalized. An official website of the State of Georgia. Local, state, and federal government websites often end in .gov. The refund will not count as taxable income for state purposes, but Revenue Commissioner Robyn Crittenden earlier said it would count as taxable income for federal income taxes. This letter was sent to Single, Heads of Household, and Married Filing Joint if the return is filed under an ITIN, including Married Filing Joint where only one individual of the joint return uses an ITIN number. GTC provides, Use the automated telephone service at 877-423-6711. Head of Household filers received a maximum refund of $375. Learn more. Head of Household filers could receive a maximum refund of $375. Do you owe state taxes on your HB 1302 surplus tax refund? I appreciate our Office of Planning and Budget and the members of the Georgia General Assembly who worked with us to ensure this important measure was passed, and Commissioner Crittenden and the Department of Revenue for their hard work to get these funds dispersed quickly and efficiently. Unidad Editorial Informacin Deportiva, S.L.U. No, if you owed less than the maximum amounts listed above, you only received a refund for the amount of your actual tax liability. 1302 tax refund? If a return contains incorrect or questionable information, it may take up to 12 weeks from the date of receipt by DOR to process a return and issue a refund. Depending on how you file your taxes, the law provides refunds ranging from $250 to $500. ATLANTA Gov. I'll have answers to your questions about. "I appreciate Governor Kemps leadership and his willingness to work with the General Assembly on this and other important policy initiatives this session.. Surplus Tax Refund | Georgia Department of Revenue Surplus Tax Refund Surplus Tax Refund 2022 - HB 162 Surplus Tax Refund The Department's guidance on HB 162 is forthcoming. Surplus refunds were issued based on the regular refund instructions provided on a taxpayer's return. Those eligible taxpayers will receive their refund in the manner they indicated on their tax return (paper check or direct deposit). Married individuals who file joint returns could receive a maximum refund of $500. When filing, use the same filing status and due date that was used on the Federal Income tax return. Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. Local, state, and federal government websites often end in .gov. Read the IRS Statement on federal taxability. New Georgia surplus tax refund checks to be announced | 11alive.com 1302 refund? "And while they want to grow government, we're growing opportunity. The Department of Revenue distributed over 90% of refunds due by July 2022. Call 1-800-GEORGIA to verify that a website is an official website of the State of Georgia. Please consider making a gift today to support this vital public service. House, Senate reach deal on midyear Georgia budget that includes tax refund Kemp proposes tax refunds of $250-500 to Georgians out of budget surplus The Georgia governor made the announcement during the annual Eggs and Issues Legislative Preview Wednesday. No. Note:H.B. "While some in Washington D.C. are calling for tax increases, we're sending money back to hardworking Georgians," said Governor Kemp.
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