GOVERNOR Arnold I. Palacios and Lt. Gov. David A. Apatang on Tuesday announced that the first batch of tax refunds for the tax year 2022 will be disbursed beginning this Friday.
Finance Secretary Tracy B. Norita for her part said the disbursement includes the Earned Income Tax Credits and 2022 individual income tax refunds consisting of returns without any business-related information. The Child Tax Credit will be processed as soon as funding is received, she added.
She said the first batch comprises 7,872 taxpayers, including 3,682 for EITC, totaling $5.3 million; and 4,190 for regular rebates totaling $3 million. The first batch of numbers will likely increase as Finance processes additional refunds throughout the week.
“The staff at the Department of Finance have been working diligently to process the refunds to help ensure that funds are promptly distributed to our taxpayers,” the governor said.
“We commend the Finance team and ask them to continue their work toward making certain that all tax refunds and tax credits are processed in a timely and efficient manner,” he added.
He said taxpayers opting for physical checks are asked to allow three to five working days for the U.S. Postal Service to sort and distribute mail. Taxpayers are also reminded that if direct deposit bank information has errors, the refund will be converted to a check.
Norita said the first batch is for returns without errors. The Division of Revenue and Taxation will continue to process tax refunds on a biweekly basis to allow the week in between to process government payroll and other payables, she said.
For questions, contact the Division of Revenue and Taxation Call Center at (670) 664-1040.
