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Home»Entertainment»Americans have just days to qualify for a ‘rebate’ payment worth $500 – but they must meet three crucial criteria
Entertainment

Americans have just days to qualify for a ‘rebate’ payment worth $500 – but they must meet three crucial criteria

nytimespostBy nytimespostApril 20, 2025No Comments
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MILLIONS of Georgians could see a welcome boost to their bank accounts, but only if they act fast.

A newly signed tax rebate program promises direct payments of up to $500, and there are just days left to meet the qualifying deadline.

A smiling man holding a fan of cash.

1

A new bill was signed in on TuesdayCredit: getty

On Tuesday, Georgia Governor Brian Kemp signed into law a $1 billion tax relief package.

This is aimed at easing the burden of rising costs for residents across the state.

The rebate, which Kemp says is designed to offset the impact of high prices in recent years, will benefit taxpayers who meet three key criteria.

KEY CRITERIA

According to the Georgia Department of Revenue, to receive the rebate, residents must:

  • Have filed a Georgia state tax return for both tax years 2023 and 2024
  • Have had a state tax liability in 2023
  • Be a Georgia resident, part-year resident, or taxable nonresident

More importantly, taxpayers must submit both returns by May 1, 2025.

So the clock is ticking for those hoping to receive the full amount.

REBATE AMOUNTS

The rebate amount is determined by your 2023 filing status.

Married couples who filed jointly are eligible for up to $500, heads of household qualify for up to $375, and single filers are able to receive up to $250.

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Part-year residents and taxable nonresidents will receive a prorated amount based on their tax liability.

Previous rounds of rebates saw 75% of payments sent via direct deposit, and similar processing is expected this time around.

WORDS FROM THE GOVERNOR

Kemp, a rising figure in Republican politics and a possible contender for higher office, emphasized the state’s commitment to fiscal responsibility in a statement.

“Here in Georgia, we safeguard every dollar of taxpayer money because we know it belongs to the people, not the government,” Kemp said.

“While other states are running up budget deficits and raising taxes, we’re investing in priorities and returning more than a billion dollars to hardworking Georgians.”

NEXT STEPS

With Tax Day already behind us (April 15), eligible Georgians who have filed their returns may begin receiving rebate payments in the coming weeks.

Those who haven’t yet filed should act quickly to ensure they don’t miss out.

Remember, you must submit both returns by May 1, 2025.

Majority of Americans plan out tax refund spending half a YEAR in advance

A new study conducted by Talker Research has found a third of Americans plan out what to spend their tax refund on half of a year in advance.

The new poll of 2,000 U.S. taxpayers found 79% believe they’ll get some sort of refund this year, and many of them have already planned out what to spend it on.

A majority (52%) said their tax refund is an important part of their budgeting plans, and 77% plan to spend their refund on necessities. 

Chief among necessities were bills like rent (52%), groceries and essential items (44%) and credit card debt (37%). 

Over half (56%) of those spending their refund money on credit card debt are specifically targeting their holiday season purchases.

Meanwhile, 8% are planning to spend their refund on luxuries.

They’re spending their refund on new clothes (37%), entertainment (28%) and new phones (26%).

Commissioned by TaxSlayer and conducted by Talker Research, the study found the average person hopes to receive roughly $1,700 in tax refund money this year. 

A fifth (22%) believe they’ll end up with more money this year than last, while 26% believe the opposite. Half (51%) expect to receive about the same amount.

Last year, 12% said they got a larger-than-expected tax refund, while 20% recalled getting less than what they expected.

Many respondents expecting to receive more this year said it was due to withholding more money on their W-2, making more money in the past year and having a newborn.

And those expecting to receive less shared potential causes why: losing their job, owing back taxes, children aging into adulthood and increased tax rates.

Survery by Talker Research.

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