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Recent stimulus check
Recent stimulus check







recent stimulus check

The Massachusetts Department of Revenue has made clear that it will not contact you by phone or email or via social media channels, regarding this 2022 62F tax refund. Avoid Scam Calls Involving Massachusetts Tax Refunds

recent stimulus check

The variety of state stimulus check programs and the complexity of the different programs have made it challenging for the IRS to provide clarity to taxpayers before now.

recent stimulus check

Well, on February 10, the IRS announced that most of the special state payments that were sent to residents during 2022 won't be taxable on 2022 federal returns. But if you received a Massachusetts 62F tax refund payment, you may have been wondering whether the amount will be taxable on your federal income tax return. Massachusetts will not treat tax refunds (including the 2022 62F refunds) as taxable income.

recent stimulus check

That call center is available Monday through Friday, from 9 am to 4 pm ET. The website also contains answers to frequently asked questions about the 2022 Massachusetts tax refunds.Īnd, if you have questions about your Massachusetts tax refund, you can contact the call center that has been established at 877.677.9727. If you haven't received your refund yet, and want to know how much to expect, there is a calculator on the state’s website to help you estimate how much your tax refund will be. Direct deposits are labeled “MASTTAXRFD.” Also, if Massachusetts had your banking information available, they provided your refund via direct deposit. Most of the Massachusetts tax refunds were sent via check, in the mail. (That’s because if you filed your Massachusetts tax return by October 17, you didn’t need to do anything else to receive the 2022 62F Massachusetts tax refund.) When Should You Have Received Your Massachusetts Tax Refund?Įligible Massachusetts taxpayers started to see tax refund money around November 1, 2022, and as of December 15, 2022, officials expect that nearly all the refunds will have been issued to taxpayers who already filed their 2021 Massachusetts tax returns. However, if you have unpaid taxes or owe child support, the amount of your refund might have been reduced by the amount of the outstanding tax liability or unpaid child support. How Much Tax Refund Money Do Massachusetts Taxpayers Receive?Įligible Massachusetts taxpayers generally received a 2022 tax refund of about 14% of their 2021 Massachusetts income tax liability. As long as you file by September 15, 2023, and you're eligible, you can still receive the 62F Massachusetts tax refund, according to state officials. However, if you haven't filed your Massachusetts tax return, you still have time to do so. Almost all of the refunds were expected to be issued by December 15. If you paid personal income taxes in Massachusetts in 2021 and filed your 2021 Massachusetts tax return by October 17, 2022, you should have received, or will soon, receive a 2022 Massachusetts tax rebate. Who’s Eligible for the 2022 Massachusetts Tax Refund? Reportedly, millions of refunds were sent via check and another one million or so tax refunds were sent via direct deposit. At this point, most of the refunds have been sent to taxpayers who already filed their 2021 Massachusetts tax returns. After that, Massachusetts sent millions of refunds each week. When did the Massachusetts tax refunds begin? The refunds were first sent in early November of 2022. So, in 2022, to comply with state law, Massachusetts returned the more than $2.9 billion in excess revenue to eligible taxpayers. (That exceeded the allowable threshold under Chapter 62F by more than $2.9 billion). The law was triggered for the first time in a while because during the 2022 fiscal year, Massachusetts collected state tax revenue totaling $41,812,654,358. Why did Massachusetts return nearly $3 billion to eligible taxpayers? Well, in 1986, Massachusetts voters approved a law known as Chapter 62F. That law requires Massachusetts to return excess revenue to taxpayers. That’s because Massachusetts mailed a check or provided a direct deposit that amounted to about 14% of each eligible taxpayer’s state income tax liability from their 2021 tax return. But it's important to note that the 2022 tax refund program in Massachusetts is a little different than other state “stimulus” programs because each eligible Massachusetts taxpayer received a different amount of money in their tax refund check.









Recent stimulus check