By Keiter CPAs
Keiter State and Local Tax Specialist Discusses Virginia’s New One-Time Tax Rebate
Ryan Beethoven-Wilson, senior tax manager, recently shared his state and local tax insights on NBC 12’s On Your Side report which covered a new one-time tax rebate for Virginians.
Some Virginians may be getting a check in the mail this fall if they are eligible for this year’s one-time tax rebate. If you had a tax liability last year, you could receive anywhere between $250-$500 depending on how you filed. However, not all taxpayers qualify for this.
Ryan Beethoven-Wilson stated, “What the department of taxation has defined the tax liability to be is your actual tax on 2021 income minus any credits you may have taken, such as a credit for taxes paid to states other than Virginia.”
For more information on who qualifies for the rebate and tax filing due dates visit the Virginia Department of Taxation website.
Access Reporter Desiree Montilla’s news feature, “What Virginians need to know about this year’s one-time tax rebate”, which aired on August 12, 2022.
Ryan’s practice focuses on business tax planning and compliance, general business consulting, financial reporting, and individual tax for privately-held clients in the professional services, emerging and growth business, manufacturing, construction, retail, and real estate industries among others. Read more of Ryan’s tax insights for businesses:
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The information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.