A new one stimulus check become a reality for Virginia residents, who may now qualify to receive up to $400 dollars. The tax relief package includes this amount of money to provide tax refunds to millions of residents in the southeastern states of the United States.
“This budget is the result of what we can achieve when we put politics aside and choose common sense conservative solutions and make critical investments to ensure Virginia is the best state to live, work and raise a family.” said the governor Glenn Youngkin in a press release.
It should be noted that with this currency, tax refunds in Virginia with different amounts: they will be given $200 dollars to individual taxpayers and checks $400 dollars They go directly to couples filing jointly. Within the budget, it is also considered that the standard deduction will increase to $8,500 for single filers and $17,000 for married filers.
What requirements must you meet to receive the $400 stimulus check?
- In principle, be a resident of the state of Virginia.
- Second, you must file your taxes by November 1 to receive your tax refund. You can refer to your Individual Income Tax Return to determine your filing options.
Of course, not all taxpayers qualify. According to the state tax board, if you owe taxes in the previous year, you can get up to $200 if you file individually and up to $400 if you file jointly.
“The tax liability is the amount of taxes you owe during the year minus any credits (such as the earned income tax credit or the credit for taxes you pay in another state), deduction, or deductions.” explained by the Virginia tax board.
How to pay?
If you received a refund by direct deposit this year, you will likely receive your refund by direct deposit to the same bank account. All other eligible taxpayers will receive their refund by paper check in the mail.
In what cases can my check be stopped?
If you owe money to certain government agencies and institutions, your refund will be used to satisfy that debt before sending you the rest of a check.
If your debt is more than the amount of your refund, they will send you a letter explaining how to use your refund to cover the debt.