Frequently Asked Questions
Why is the state providing a tax refund to all eligible Georgia taxpayers?
HB 1302 Tax Refund for 2020 taxes due to state revenue surplus The state of Georgia is returning more than a billion dollars to Georgia taxpayers as part of our continuing commitment to budget conservatively while meeting the needs of a growing, thriving state. “When government takes in more than it needs, I believe those... [Read More]
Who’s eligible for the state tax refund?
HB 1302 Tax Refund for 2020 taxes due to state revenue surplus Any Georgian who was a full-year resident in 2020 and 2021 and who also filed a Georgia individual income tax return for 2020 and 2021 is eligible for the refund. The Department of Revenue will automatically update your account and will send the... [Read More]
When will I receive this HB-1302 tax refund?
A bill signed by Gov. Brian Kemp will send direct payments to Georgia taxpayers Georgia experienced a revenue surplus, allowing an income tax refund. House Bill 1302 was signed into law by Governor Kemp on March 23, 2022, so some taxpayers may have already filed their 2021 returns. Read also: HB 1302 Tax Refund Explained
What might reduce the amount of this tax refund?
Taxpayers who have already filed their taxes for tax year 2021 will not need to adjust their tax returns Under HB 1302, any refund due would be subject to offset first against existing liabilities owed to the state. Any remaining amount will be refunded to the taxpayer. However, a refund may also be subject to... [Read More]
What do I need to do to qualify for the HB 1302 tax refund?
What do I need to do to qualify for the HB 1302 tax refund? The tax relief bill provides a one-time refund of $250 to $500, depending on your filing status. You need to have filed your 2020 return and your 2021 return by the deadline for filing the 2021 return (including any extension granted... [Read More]
What is the maximum I can receive for the HB 1302 tax refund?
By the Georgia Department of Revenue The maximum you will receive will depend on your filing status. Head of Household filers could receive a maximum refund of $375. Married individuals who file joint returns could receive a maximum refund of $500. Read also: HB 1302 Tax Refund Explained
How do I determine what I might receive from this refund?
Please refer to your 2020 income tax return If you filed a Form 500, the amount will be based on your tax liability listed on line 16. If you filed using Form 500EZ, the amount will be based on your tax liability listed on line 4. Read also: HB 1302 Tax Refund Explained
What is the HB 1302 tax refund?
What is the HB 1302 Tax Refund? Governor Brian P. Kemp signed House Bill 1302 on March 23, 2022, providing a tax refund to all eligible Georgia taxpayers. HB 1302 allows Georgia taxpayers a refund of some or all of the 2020 income taxes due. The Georgia General Assembly recently passed, and Governor Kemp signed,... [Read More]
How much is the child tax credit for college students?
The amount of the Child Tax Credit is based on the age of the dependent children: Age 6 and younger: $3,600 annually ($300 per month) Ages 6 to 17: $3,000 annually ($250 per month) Ages 18 to 24: $500 annually (one-time)
Families with College students can receive a CTC?
College students qualify for the Child Tax Credit. Good news for families that have a dependent child up to the age of 24 and attends college as full-time student.
