Alabamians are set to start receiving Special Tax Rebates – next month (In November, 2023).
State lawmakers passed that rebate plan back in May; it’s a plan that calls for $150 rebates for single people with $300 being for married couples with no caps based on income. Those one-time rebates are expected to go to approximately 1.9 million state residents.
Governor Kay Ivey recently said – in a press release announcing her signing the bill into law “Thanks to the work of the Alabama Legislature we continue making these wise investments while paying down debts, and adding to our savings and returning the working people of Alabama’s money back to them – through tax rebates,”. That plan will cost the state some $393 million, and it comes from a $2.8 billion surplus in the Education Trust Fund.
Checks from the Alabama Department of Revenue, will begin to arrive November 30th – and for all those who use direct deposit for tax refunds, rebates will go to their checking accounts and if there’s no address on file, the refund will be issued via check.
In order to qualify you must have filed a state income tax return for 2021 on, or before, October 17th, 2022 – and – all those that don’t file a return or are considered as a dependent for another taxpayer in 2021 aren’t eligible.
The payments are exempt from state taxes.
(www.AL.COM)