Stimulus update: Massive tax rebate checks worth 14% to arrive Thursday
Asher Notheis
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An estimated 3 million Massachusetts residents are set to receive tax rebates worth 14% of what they paid in state income taxes on Thursday.
A majority of taxpayers have already received their tax rebate a month ago in November, though some are still waiting, according to WBUR. But Thursday has finally come, meaning anyone who has still not received their rebate will be receiving it then, according to GBH News.
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The total amount people receive from these rebates will be a set fraction of one’s paid income tax, meaning higher earners will receive much more than lower earners. For people who make $35,000 annually, they will receive $200 from this rebate, while people who make $1 million every year will receive $7,000 from this rebate, according to examples used by WBUR.
The rebates will be sent directly to taxpayers’ bank accounts through direct deposit. Otherwise, they will receive a check in the mail. Those eligible will receive roughly 14% back of what they paid in state income taxes.
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Taxpayers still have time to file for this rebate. The filing deadline was pushed back to Sept. 15 of next year. Because of this, payments relating to this rebate will be sent well into 2023.