Stimulus update: One-time tax refunds payments worth 14% set to arrive in four days in Massachusetts
Brady Knox
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Around three million Massachusetts residents are set to receive tax rebates worth 14% of what they paid in state income taxes.
The overwhelming majority of taxpayers received their funds in November, according to WBUR, but some remain. The state revenue service said that those eligible that haven’t received their rebate should receive it by Dec. 15, according to GBH News.
STIMULUS UPDATE: REFUND PAYMENTS NOT SEEN IN 35 YEARS TO REACH MILLIONS NEXT WEEK IN MASSACHUSETTS
The rebates will be sent directly to taxpayers’ bank accounts via direct deposit or a check in the mail for those who don’t have it set up. Those eligible will receive roughly 14% back of what they paid in state income taxes.
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The total received for the rebates is a set fraction of one’s paid income tax, meaning higher earners will receive much more than lower earners. Someone who makes $35,000 would receive $200, while someone who makes $1 million would receive $7,000, WBUR noted as examples. This has led to criticism from some lawmakers, some of whom have proposed changes to the rebates in the future.
Massachusetts residents who haven’t yet filed a 2021 tax return are in luck; the deadline has been extended all the way to Sept. 15, 2023, meaning payments will be going out well into next year.