Tax Refund Checks From Massachusetts Going Out Now. Here’s All You Need to Know
If you live in Massachusetts, some extra cash could be coming your way very soon. The state has started sending about $3 billion in excess tax revenue back to taxpayers in the form of checks and direct deposits. These tax refund checks from Massachusetts are the result of a voter-approved tax cap law known as Chapter 62F. Chapter 62F: What Is It?Chapter 62F is a Massachusetts General Law that requires the state’s Department of Revenue to send a refund to the taxpayers if the total tax revenue for a fiscal year is more than the annual cap related to the wage and salary growth in the Commonwealt...