Since June 2, over $773 million in excess tax refunds have been distributed to Georgia taxpayers, with payments continuing weekly. As of now, this amount represents more than 64% of the total $1.2 billion allocated for refunds in the state’s current budget.
If you’re one of the taxpayers expecting an excess refund, here’s everything you need to know about finding your payment and any unclaimed property.
How to Find Your Tax Refund
If you opted for direct deposit, look for a transaction on your bank statement labeled as “GAS-T TAX RFD”, which stands for “Georgia State Tax Refund.” This is how your refund will appear.
The amount you receive depends on your marital status (single, married filing jointly, or head of household) and whether you owe any outstanding debts to state agencies that might affect the refund amount.
How to Check the Status of Your Refund
To check the status of your excess refund, follow these steps:
- Visit the Georgia Department of Revenue website.
- Select the “Excess Refund Checker” option.
- Enter your Social Security Number (SSN) and adjusted gross income from your most recent state tax return.
The Georgia Department of Revenue website updates the status of payments daily, so you can get the most recent information about your refund.
While phone inquiries are possible, the department warns of high call volumes during this time, leading to long wait times. It’s recommended to use the online system for faster and more convenient results.
Official Refund Amounts Based on Filing Status
Depending on your filing status, you may receive the following amounts:
Single or Married Filing Separately: $250
Head of Household: $375
Married Filing Jointly: $500
Do You Have Unclaimed Property?
While you’re on the Georgia Department of Revenue website to check your tax refund, you can also check for unclaimed property. This includes various types of financial assets, such as:
Outstanding balances in utility company accounts
Unclaimed mobile phone deposits
Uncollected dividends
Funds in dormant bank accounts
To check for unclaimed property, visit the Georgia Department of Revenue website. If you find any property in your name, you can easily file a claim. The process is simple and can take just a few weeks.
Additionally, there’s a link to a multi-jurisdictional database that allows you to check for unclaimed property in other states if you’ve lived elsewhere.
If you’re a Georgia taxpayer expecting an excess refund, checking its status is straightforward. Simply use the Georgia Department of Revenue’s online system to check your refund status.
Also, while you’re there, consider checking for unclaimed property that might belong to you. The process is easy, and you could be in for a pleasant surprise!
