Check to see if you qualify for this payment before Halloween. Towards the end of the year, receiving an additional cash boost is generally welcomed by most as the country begins to prepare for the holiday season. While cash grabs are few and far between, you may be just lucky enough to qualify for a once-off stimulus payment, offered by your local legislators and government. This Halloween, you may be in the fortunate position to receive such a payment if you hail from this state.
Once-off stimulus payments to alleviate financial stress
Generally speaking, once-off stimulus and rebate payments are associated with tax season and the period of severe economic downturn. During income tax filing season, filers can apply to receive tax rebates and credits, which can both lower their overall tax liability and also provide direct cash payments, depending on the type of credit and rebate they are applying for.
Other times, once-off stimulus payments come in the form of government incentives, such as the recent ‘Trump Account’ baby bonuses, which came with the passing of the “One Big Beautiful Bill” act, targeted at supporting specific parents who are set to welcome a new baby between January 1, 2025, and December 31, 2028. At a local level, other stimulus payments include programs by state governments that provide residents with an expected annual payment based on state-specific incentives, such as Alaska’s annual Permanent Fund Dividend (PFD) payments.
Claim up to $400 before Halloween arrives
While once-off stimulus and rebate check programs are usually targeted at specific populations, particularly those who are considered economically vulnerable, sometimes authorities will announce a stimulus check that is intended to reach as wide a scope as possible of residents.
So is the case for residents of Virginia, who may be able to receive up to $400 before Halloween hits, signalling the official arrival of the holiday season. In an official statement from the Governor of Virginia, the state is sending off one-time tax rebates to eligible residents.
“My friends, there is no reason to raise taxes on Virginians. We are running surplus after surplus after surplus,” announced Gov. Glenn Youngkin earlier this year.
Thanks to a growing local economy, Virginia has encountered a surplus of $10 billion in revenue over the past four years, prompting authorities to release the rebate:
“Virginia’s strong job growth, bolstered by business investment commitments of $140 billion has driven a total of $10 billion in surplus revenue and enabled a record $9 billion in tax relief,” described Gov. Youngkin.
Who qualifies to receive up to $400?
Single filers can qualify for up to $200, while joint filers can qualify for the maximum payment of $400. Residents must meet the following criteria in order to receive their payment:
- Taxpayers must have filed their Virginia state income tax returns before November 3, 2025.
- If you have met the state income tax deadline, you can only receive the rebate if it does not exceed your actual state tax liability after all deductions and credits are applied. If the rebate does exceed the amount you owe in state tax liability, you will only receive the difference between the two as opposed to the full $200 or $400 payment.
Should you have already filed your state income tax, payments are expected to be made by mid-October. Should you file closer to the November deadline, you can expect your rebate to be made in November. Next year, a host of new changes are expected to be implemented for Virginia citizens, with the Virginia standard deduction being raised for both single filers and married couples for the fiscal year 2025/2026, and the Earned Income Tax Credit is also expected to increase the refundable portion from 15% to 20%.
Disclaimer: Our coverage of stimulus checks, tax reliefs, tax rebates, tax credits, and other payments is based on the official sources listed in the article. All payment amounts and dates, as well as eligibility requirements, are subject to change by the governing institutions. Always consult the official source we provide to stay up to date and obtain information for your decision-making.
