1.9 million residents benefit from $2.8 billion surplus

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The substantial surplus of $2.8 billion in the Education Trust Fund will allow approximately 1.9 million Alabama residents to receive a tax rebate.

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Payments Begin The Alabama Department of Revenue will begin issuing payments this Friday.

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Residents can choose to receive their refund for 2021 via direct deposit or paper check, depending on their preferred method.

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Individuals must file their individual income tax return 2021 on or before October 17, 2022, to be eligible for the exemption.

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Exemption amounts vary, $150 for single filers and $300 for married couples filing jointly.

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Certain individuals are excluded from exemption programs, for example those who have not filed a state individual income tax return by specified deadlines in 2021.

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Individuals who are not residents of the state or who own estates, trusts or accounts and are claimed as dependents through the year 2021 are also not eligible for the exemption.

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A paper check will be issued to residents who have changed their banking information or used a tax preparer account to receive their refund in 2021.

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1.9 million residents benefit from $2.8 billion surplus

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