by Millions of Georgians are set to receive relief payments worth up to $500 as part of the state’s tax surplus refund initiative. Nearly three million refunds have already been delivered, with more rounds expected in August and September.
The payments, drawn from a $1 billion fund, are aimed at easing the cost of living for residents amid persistent high prices. They will appear in bank accounts under the code GASTTAXRFD or arrive as mailed checks labeled “state surplus refund check.”
Why the Payments Are Happening
Governor Brian Kemp said the initiative is made possible by a $16 billion budget surplus, marking the third consecutive year Georgia has distributed such rebates.
“Inflation may have fallen, but high prices are still here and weighing down hardworking Georgians,” Kemp said. “These checks are a way to put money back in the pockets of our people.”
Who Is Eligible
To qualify, taxpayers must have lived in Georgia during the 2023 tax year and filed both their 2023 and 2024 income tax returns on time. No application is needed; payments are deposited automatically.
- Individuals: Up to $250
- Married couples filing jointly: Up to $500
- Heads of household: Up to $375 (for single or unmarried individuals supporting a child, parent, or close relative)
Other States Offering Support
Georgia isn’t the only state providing direct payments. Alaska’s Permanent Fund Dividend (PFD) program distributes profits from the state’s oil and natural resources to residents.
For 2024, eligible Alaskans will receive $1,702—including $1,440 from the fund and a one-time $262 energy relief bonus. Payments will be sent out on August 21 to around 60,000 residents.
The PFD requires recipients to have been residents of Alaska for the entire 2024 calendar year.
