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Virginia Tax Rebates Amid Rising Unemployment and Prices

10/23/2025

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Summary

Story summary

The Department of Taxation issued rebates of $200 for individual filers and $400 for joint filers under the budget agreement with Governor Glenn Youngkin.
The relief comes amid rising prices and unemployment, with forecasts for slow growth and job losses in coming years.
The state's unemployment rate is expected to rise from 3.9% to 5.0% by mid-2026.

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Story summary

The Department of Taxation issued rebates of $200 for individual filers and $400 for joint filers under the budget agreement with Governor Glenn Youngkin.
The relief comes amid rising prices and unemployment, with forecasts for slow growth and job losses in coming years.
The state's unemployment rate is expected to rise from 3.9% to 5.0% by mid-2026.