ATLANTA — Gov. Brian Kemp signed legislation Wednesday providing Georgia taxpayers a $1.1 billion tax refund.
The one-time windfall for taxpayers is the result of unexpectedly strong state tax collections that have left Georgia with a flush budget surplus.
"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," Kemp said. "In Georgia, we are ... putting taxpayer dollars back in the pockets of hardworking Georgians."
The refund is included in the $30.3 billion mid-year budget the governor signed last week. It provides a tax credit to Georgians who filed state income tax returns for the 2020 and 2021 tax years.
Single taxpayers will receive a $250 refund. Married taxpayers filing jointly will get $500.
The one-time windfall for taxpayers is the result of unexpectedly strong state tax collections that have left Georgia with a flush budget surplus.
"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," Kemp said. "In Georgia, we are ... putting taxpayer dollars back in the pockets of hardworking Georgians."
The refund is included in the $30.3 billion mid-year budget the governor signed last week. It provides a tax credit to Georgians who filed state income tax returns for the 2020 and 2021 tax years.
Single taxpayers will receive a $250 refund. Married taxpayers filing jointly will get $500.
Taxpayers who have already filed their taxes for tax year 2021 will not need to adjust their returns. They will receive their refund by paper check or direct deposit, depending on which method they indicated on their tax return.
