Tax refund 2022: Massachusetts to send residents huge refund checks by mid-December

By the middle of December, the state of Massachusetts expects to provide a one-time tax return to almost 3 million of its citizens.

According to the Massachusetts government, the $2.94 billion in extra money that the state collected over the state cap provided funding for the program.

Residents must file their 2021 tax return in order to get the funds, and the precise payments one will receive depend on their tax position.

According to the state government, eligible citizens who did not file their tax returns have until September 15, 2023, to do so. They can anticipate receiving their refund within a month of filing.

For candidates who have already submitted, payment distribution started at the beginning of November and will last through mid-December.

A refund credit of 14.0312% will be given to eligible taxpayers, however it may be lessened due to unpaid tax debts or other exceptional situations.

The state Department of Revenue reported that during the first week of November, the return program had delivered an anticipated 500,000 payouts.

According to CBS Boston, by the end of the second week, nearly 1.3 million refunds totaling more than $1.2 billion had been sent out.

The reason for the refund was that this was the second time since 1986 that the state's Chapter 62F revenue threshold had been reached.

On its website, the state offers a calculator that helps residents predict how much money they will get back in refunds.

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