Check to see if you qualify to receive this upcoming rebate. While the federal income tax season may be over, with all income tax rebates and credits all but distributed at this point by the Internal Revenue Service (IRS), specific programs may still be underway in your state, meaning that you may still be due for a rebate from your local government before the end of the year. These rebates can be in relation to tax-related obligations relative for your specific state, to once-off payments initiated by your government to give back to citizens.
Who qualifies for rebate checks?
Generally speaking, rebate checks, in the context of taxes, are sent by the government, which reduces your total tax liability thanks to qualifying for specific rebate programs and initiatives. Some of the most well-known tax credit programs include the Child Tax Credit as well as the Additional Child Tax Credit.
Recently, a new bill has been proposed within the federal government, which, if approved, would see eligible beneficiaries receive a once-off $600 rebate in order to provide financial relief to citizens in light of the recently impossed tarrifs on imports. If approved, it would be implemented in next year’s tax season. The proposed qualifying criteria for the rebate, stipulated in the proposed American Worker Rebate Act, are structured according to your income levels as follows:
- Individual filers must earn below $75,000 annually.
- Heads of households must earn below $112,500.
- Couples filing jointly who earn under $150,000 would be eligible for the full rebate.
The bill is backed by Sen. Josh Hawley and has been introduced in the Senate and referred to the Committee on Finance. It has not yet passed the Senate or the House of Representatives. Critics of the proposed rebate suggest that such a rebate may have inflationary effects, despite offering short-term relief, should the bill pass through the Senate and House and be implemented into law.
Get your $400 rebate check before October 16
While it remains to be determined if taxpayers will see a new rebate come their way next year, an official statement from the Governor of Virginia confirms that eligible Virginians will see up to $400 in rebates come their way thanks to a tax surplus the state has encountered.
“Virginia’s strong job growth, bolstered by business investment commitments of $140 billion has driven a total of $10 billion in surplus revenue and enabled a record $9 billion in tax relief,” said Governor Glenn Youngkin. “This fall’s tax rebate reflects a simple truth: it’s your money, not the government’s. We have made record investments supporting teachers and students, law enforcement, and Virginians facing behavioral health crises, while also lowering costs for individuals, families, veterans and small businesses.”
Eligible joint filers will receive $400, while individual filers will receive $200. To be eligible to receive your refund by October 15, you must have incurred tax liability in 2024 and filed by November 3, 2025, and have filed your state taxes before July 1.
More payments are coming your way in October
In addition to Virginia, more payments will soon come the way of residents across the nation this month. In New York, the state is currently underway with distributing its annual School Tax Relief (STAR) program rebates for homeowners within specific income parameters.
There are two versions of STAR that New Yorkers can qualify for, with the Enhanced STAR program seeing eligible beneficiaries receive up to $1,500 in rebates for their property taxes. New York State is notorious for having some of the highest cost-of-living expenses, particularly if you live in New York City. Programs such as STAR intend to slightly alleviate households’ financial burden, particularly for those who are considered low- and middle-income residents.
Disclaimer: Our coverage of stimulus checks, tax reliefs, tax rebates, tax credits, and other payments is based on the official sources listed in the article. All payment amounts and dates, as well as eligibility requirements, are subject to change by the governing institutions. Always consult the official source we provide to stay up to date and obtain information for your decision-making.
