At the end of September Virginia Governor Glenn Youngkin announced that eligible taxpayers will soon receive a tax rebate up to as much as $400 thanks to a ten billion dollar surplus in Virginia revenue.
The tax rebate will account for nine billion dollars of the ten billion dollar surplus. When talking about the surplus and subsequent tax rebate Governor Youngkin said “This fall’s tax rebate reflects a simple truth: it’s your money, not the government’s.”
Those who filed individually will receive as much as $200 while those who filed jointly will receive as much as $400. Those who are eligible must have paid taxes in 2024 and filed their taxes no later than November 3rd, 2025. However, if you filed by July 1st, 2025 your rebate check will be mailed out to you by October 15th, 2025.
If you received your state tax refund through direct deposit then your tax rebate will be delivered in the same fashion. Taxpayers who did not file using direct deposit will receive their tax rebate by mail.
For those who have a debt with Virginia Tax or any other state or local agency your rebate will be applied to eliminate or reduce your debt.
If your debt is greater than your rebate you will be mailed a letter explaining how the rebate was used to eliminate your debt as well as information on how to contact Virginia Tax or the state or local agency that you still owe money to.
If your debt is less than your rebate you will be sent the remainder of your rebate by either direct deposit or by mail depending on your situation.
There are also some Virginians who are ineligible to receive the tax rebate. Those who qualified for the low-income tax credit and had no net taxes owed. Those who only received social security, disability, or unemployment will also be ineligible.
Lastly, those whose adjusted gross income was less than $11,950 as an individual filer or whose adjusted gross income was less than $23,900 when filed jointly as those under these thresholds did not owe taxes and they were not required to file.