$8.2 Million in Tax Refunds Paid 33,000 Early Filers for Tax Year 2021 Paid To Date

$8.2 Million in Tax Refunds Paid 33,000 Early Filers for Tax Year 2021 Paid To Date

Press Release

Hagåtña, Guam – On May 12, 2022, the Department of Revenue & Taxation processed and the Department of Administration will be mailing checks, or paying by direct deposit, approximately 2,897 of Fiscal Year 2021 and prior income tax refunds totaling $8,218,482 for error-free returns filed on, or before, March 24, 2022.

 

Total tax refunds paid this fiscal year total $128 million, of which approximately $98 million (76%) were paid to early filers who filed on, or before, March 24, 2022.  Since February 24, 2022, over 90% of the weekly refund payments have been paid to Tax Year 2021 filers.  Efforts continue to pay refunds weekly and within a 6-8 week turnaround time for error-free returns.   

                                                                                                                                                    

NOTE: Individuals receiving payment by direct deposit will see a $0 transaction in their bank account prior to receiving their refunds ( -note). For more information or questions, contact the DRT Call Center at 635-1840/1841/7614/7651/1813. Due to high call volumes, DRT recommends utilizing the ‘Contact Us’ section on myguamtax.com or email pinadmin@revtax.guam.gov.

 

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