Fast Tax Returns Coming, Kaine says

photo by Billy Hunt/Flickr Gov. Timothy M. Kaine

Governor Tim Kaine announced Tuesday that the Virginia Department of Taxation has issued nearly 100 percent of the state income tax refunds. Virginians have received more than 2.6 million refunds, totaling more than $1.6 billion, an increase of 94,000 refunds and $215 million from 2008. The average value of refunds increased 11 percent from 2008.
 
“The work of the Department of Taxation shows again why Virginia is consistently named among the best managed state governments,” Kaine said. “In response to the worst economic troubles since the 1930s, the Department is processing tax returns and getting money back into the pockets of Virginians at a time when they need it the most.”
 
Of the returns in 2009, 63 percent were electronically filed, compared to 56 percent last year. Electronic filing allowed 82 percent of refunds to be issued within 12 days and 96 percent within 30 days.