Up to $500 in 2023 Tax Refunds To Arrive in Georgia– See Who Qualifies!

The state of Georgia will be issuing up to $500 in 2023 Tax Refunds this month. In this article, read and find out who is eligible to receive these tax refunds!

The state of Georgia is expected to issue 2023 Tax Refunds to eligible taxpayers beginning this month. These tax refunds are a one-time payment worth up to $500. These payments will be made possible because of the House Bill 162 which was recently signed into law by Brian Kemp, the state’s Governor.

According to Carnes, when the bill was passed, it allowed a redistribution of the state’s surplus in the budget that was worth $1 billion in the form of 2023 Tax Refunds. Reports say the budget in 2022 was worth $6.6 billion. The House Bill 162 paved the way for Georgia’s second major tax refund in many years.

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Who is eligible for the 2023 Tax Refunds?

According to Johnson, to be eligible for the 2023 Tax Refunds, an individual must be a resident of Georgia with an income tax liability. Individual tax filers can receive $250, while tax filers who are heads of households can receive $375. Joint filers, on the other hand, can receive $500. However, the amount that can be received must not be more than the tax filer’s previous income tax liability.

On the contrary, non-residents of Georgia who are living in the state and those who are claimed as a dependent are not eligible for the 2023 Tax Refunds. Eligible tax filers may receive either a direct deposit or paper check based on what they have filled in their 2022 tax return.

READ ALSO: Up To $2,878 Worth Of 2023 Tax Refunds Being Issued— See How Much Changed Since 2022!