Around 3 million Massachusetts residents are set to receive tax rebates worth hundreds or thousands of dollars each.
Approximately 500,000 payments are expected to go out this week, according to WBUR, with another 1 million set to go out next week. Most payments will reach those eligible by the end of the month. The rebates will be sent directly to taxpayers’ bank accounts via direct deposit or via 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.
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, the news outlet noted as examples. This has led to criticism from some lawmakers, some of whom have proposed changes to the rebates in the future.
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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.
