BOSTON (WBZ NewsRadio) — Massachusetts taxpayers might be getting a check starting on Tuesday.
The state will be returning almost 3 billion dollars of excess tax revenue from the past year to taxpayers. The Department of Revenue will be returning money to eligible taxpayers in proportion to their personal income tax in 2021. Once the money hits a certain amount, it is to be returned to taxpayers under Massachusetts law.
Residents who paid and filed taxes in 2021 should receive about 13 to 14 percent back of the state's income tax liability.
“Stronger-than expected state tax revenues have led to a major surplus for Fiscal Year 2022, and we are pleased to be able to return nearly $3 billion in excess revenue to the taxpayers,” Governor Charlie Baker said in a statement. “With families facing continued pressure from high prices and inflation, these returns will provide some needed relief. Even with nearly $3 billion going back to taxpayers, significant state and federal resources remain, and we look forward to working with the Legislature to invest this funding into our economy, communities and families.”
Payments begin November 1 and will continue over the next six weeks through December 15. Those eligible should receive a check or direct deposit.