Wisconsin Could Send Out Tax Rebate Checks of $1,000
Summary
Wisconsin lawmakers are considering a proposal to give residents a tax rebate of up to $1,000 using part of the state's budget surplus. The plan aims to help with rising property taxes by sending one-time checks to eligible taxpayers. The payments could be issued automatically by September 15, 2026.Key Facts
- Wisconsin's proposal involves returning part of a large budget surplus to residents.
- Eligible taxpayers could receive a one-time rebate check of up to $1,000 if they filed a 2024 tax return and owed taxes.
- Married couples filing jointly could get $1,000, while others could receive $500.
- The rebate would not exceed the filer’s 2024 tax liability, meaning they can't get more back than they paid in taxes.
- Wisconsin plans to send rebate checks automatically, without needing an application.
- The state expects a $2.3 billion budget surplus by mid-2027.
- Other states like Georgia and Colorado also return surplus money to residents through similar rebate programs.
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