2022 Tax Rebate Update
September 13, 2022
For those of you who can not remember the details of something that happened last week, the attached which was released today at the House Appropriations Committee Meeting. It describes the tax rebate scheme which was approved in the 2022 Appropriation Act.
The rebate will typically be $250 for an individual and $500 for a couple, limited to tax liability after any credits, deductions, or subtractions to which the tax payer is entitled. The first round of rebates is due out by October 17th; this may be good information to share or to retain to answer questions which will, inevitably, occur.