Categories: Breaking News

Tax refunds to start flowing in Tuesday – Boston 25 News

BOSTON — The first checks and direct deposits from nearly $3 billion in excess tax revenue will go back to taxpayers starting Tuesday, when the calendar flips to November, the Baker administration announced Friday.

A spokesman for the Executive Office of Administration and Finance said the money would go out the door under the voter-approved tax cap law known as Chapter 62F, which taxpayers activated for the first time since 1987 by handing over massive amounts of taxes.

About 3 million taxpayers will receive a refund in the form of a mailed check or direct deposit worth about 14 percent of what they owe in state personal income tax in 2021, the spokesman said. The administration plans to distribute refunds continuously until December 15. The administration had earlier estimated that around 13 percent of income tax liabilities will be refunded.

Taxpayers who owed state personal income tax last year and already filed their 2021 return are eligible and don’t need to take any additional steps to receive their refunds.

The administration posted an online FAQ page with a calculator that taxpayers can use to estimate their upcoming refunds.

The Baker administration previously said taxpayers had to file a 2021 tax return by Oct. 17, 2022 to be eligible for a 62F refund, but a spokesman said Friday the administration will advance this deadline to September 15, 2023, which is the latest date. possible to file a 2021 tax return when the extensions are accounted for, to accommodate taxpayers who may not have known the original deadline

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