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Taxes News 27 September 2025 - 17 November 2025

Virginia’s Surprise $400 Tax Rebates: Windfall for Families or Election‑Year Gimmick?

Virginia’s Surprise $400 Tax Rebates: Windfall for Families or Election‑Year Gimmick?

Background: Virginia’s Revenue Boom Virginia’s 2025 tax rebates emerged from an extraordinary run of budget surpluses. Four consecutive years of higher‑than‑expected tax receipts and underspending produced about $10 billion in surplus revenue, according to the July 2025 revenue report governor.virginia.gov. General fund
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