Macon, Georgia – Omo, na heavy matter wey dey land for Georgia this month as state dey dish out payments worth up to $500 to some taxpayers. This one dey come after plenty wahala wey follow, but now dem don finally arrange am sharp sharp.
Na HB 112 be the name of this gbege. E go affect people wey apply before May 1. If you be person wey don file your Individual Income Tax Return for 2023 and 2024 before the deadline, or if you get extension wey carry you reach October 15, then you fit chop from this money. But make sure say you don pay tax for 2023 o, otherwise na your loss be that!
So how much you fit get? E go depend on how you file your tax. If na Single or Married Filing Separate, you fit collect $250. But if you be Head of Household, you dey fit collect $375, and if you dey Married Filing Joint, then you don hit jackpot with $500! But just know say if you still owe IRS anything, dem fit use this money clear your debt first (just no allow them catch you).
Some people don already receive their own money as we dey talk, and Georgia Department of Revenue don talk say everything go clear up six to eight weeks after the deadline. On top this sweet gist, Georgia self dey reduce im state income tax rate to just 5.19%. Na good news be that for plenty pockets come 2026, as per CBS affiliate.
As dem dey run these rebates, even Georgia Governor Brian Kemp don chip in say, “This na your money, not government own.” He no wan make dem waste am, especially with all the wahala wey families dey face nowadays.
Some people dey wonder why this rebate dey come now, and no be because dem wan help you spend your tax refund better, oh. One new study show say about one-third of Americans dey plan how dem go spend their tax refund half a year before time (na real foresight o!).
According to the study wey sample about 2,000 Americans, 79% dey believe say dem go see some small refund dis year, while 52% say e dey very important for their budgeting. Majority dey plan use am pay bills like rent, groceries, and credit card wahala. And if you think say cash for unnecessary things dey reign, about 8% dey expect to buy new clothes and entertainment with their refund (no be everybody dey wise pass).
The average person dey hope say dem fit receive around $1,700 as tax refund dis year. Some even dey plan for bigger amounts based on how dem manage their W-2 or if dem get new pikin (chai, na real pressure dis!).
But some people dey expect say their own go small because of employment issues, old debts, or because wey children don grow reach adult level. Economics professor, Michael Toma, dey yan say Georgia economy dey grow faster than the whole USA. E talk say state just dey try give back to citizens as dem dey enjoy surplus funds.
More information about this tax rebate dey available for Georgia Department of Revenue website. No be only Georgia dey dish out money o; other states like California dey send some payments throughout the year too. Pregnant women wey dey face high-risk pregnancies fit collect between $616 to $1,000 monthly depending on their county. Na to spend as dem like, no strings attached.
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