Tax refund 2022: Massachusetts to ship residents large refund checks by finish of yr

Eligible residents of the commonwealth of Massachusetts are set to obtain a one-time tax refund by the center of subsequent month.

The one-time refund is feasible due to the $2.94 billion in extra of the state cap on income the state amassed, with the precise quantity an individual receives various primarily based on tax standing.

DESPERATE RETAILERS PLAN BIG DISCOUNTS FOR BLACK FRIDAY

To be eligible for the refund, residents should have filed their 2021 tax return. Those that haven't filed their 2021 taxes have till Sept. 15, 2023, and will obtain their funds just a few weeks after submitting.

Funds have already been delivered to a whole lot of hundreds of Massachusettsans, per CBS Boston. For all residents who've filed their taxes, they need to obtain their fee by the center of December.

To find out how a lot the fee will likely be, residents can seek the advice of the state's web site.

The tax refund was triggered by the state's Chapter 62F cap on income, a regulation that has solely been triggered one different time since 1986.