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HomeNewsArchivesBIR Continues to Issue Income Tax Refunds and Economic Stimulus Payments

BIR Continues to Issue Income Tax Refunds and Economic Stimulus Payments

June 14, 2008 – The Virgin Islands government is continuing to process and disburse both Economic Stimulus Rebate and tax year 2007 income tax refund checks on a regular basis. As of June 11, more than 14,500 rebate checks totaling $11.7 million have been issued for payment, according to a press release from the Bureau of Internal Revenue. "The Bureau authorized the Finance Department to make payments of $2.4 million in economic stimulus rebate checks on May 13; $4.6 million on May 19 and about $4.6 million on June 2," said BIR Director Gizette Canegata-Thomas
She pointed out, however, that 2,611 V.I. taxpayers have been deemed not eligible for the rebate primarily because their income was either too high or too low; the taxpayer, when filing their 2007 income tax return, offered a non-qualifying Social Security number; or the taxpayer was claimed as a dependent by another taxpayer. The BIR is offsetting the economic stimulus rebate checks to both outstanding tax obligations to the Bureau as well as outstanding child support payments.
"I encourage any taxpayer who has questions about the economic stimulus program or who are seeking to obtain verification as to the amount of the rebate should contact the Bureau at either 715-1040, on St. Thomas or 773-1040, on St. Croix," Canegata-Thomas said.
The Bureau's Web site offers taxpayers the ability to estimate the amount of their rebate check by utilizing the online calculator.
"The payment authorization of both stimulus rebate and Income tax refund checks is part of the continuing efforts to re-circulate money in the economy of the Virgin Islands," said Governor John P. deJongh Jr said.
DeJongh said the efforts would continue by both the BIR and Finance to complete the process of issuing both income tax refunds and economic stimulus rebate checks to V.I. taxpayers.
The BIR director also said that income tax refunds are being processed regularly. "For prior tax years, we have issued more than $14 million in refunds and for the current tax year, more than $57.4 million has been authorized for payment," she said.
It is estimated that more than 29,600 checks totaling in excess of $71.5 million have been issued to date.

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June 14, 2008 - The Virgin Islands government is continuing to process and disburse both Economic Stimulus Rebate and tax year 2007 income tax refund checks on a regular basis. As of June 11, more than 14,500 rebate checks totaling $11.7 million have been issued for payment, according to a press release from the Bureau of Internal Revenue. "The Bureau authorized the Finance Department to make payments of $2.4 million in economic stimulus rebate checks on May 13; $4.6 million on May 19 and about $4.6 million on June 2," said BIR Director Gizette Canegata-Thomas
She pointed out, however, that 2,611 V.I. taxpayers have been deemed not eligible for the rebate primarily because their income was either too high or too low; the taxpayer, when filing their 2007 income tax return, offered a non-qualifying Social Security number; or the taxpayer was claimed as a dependent by another taxpayer. The BIR is offsetting the economic stimulus rebate checks to both outstanding tax obligations to the Bureau as well as outstanding child support payments.
"I encourage any taxpayer who has questions about the economic stimulus program or who are seeking to obtain verification as to the amount of the rebate should contact the Bureau at either 715-1040, on St. Thomas or 773-1040, on St. Croix," Canegata-Thomas said.
The Bureau's Web site offers taxpayers the ability to estimate the amount of their rebate check by utilizing the online calculator.
"The payment authorization of both stimulus rebate and Income tax refund checks is part of the continuing efforts to re-circulate money in the economy of the Virgin Islands," said Governor John P. deJongh Jr said.
DeJongh said the efforts would continue by both the BIR and Finance to complete the process of issuing both income tax refunds and economic stimulus rebate checks to V.I. taxpayers.
The BIR director also said that income tax refunds are being processed regularly. "For prior tax years, we have issued more than $14 million in refunds and for the current tax year, more than $57.4 million has been authorized for payment," she said.
It is estimated that more than 29,600 checks totaling in excess of $71.5 million have been issued to date.