The deadline to claim a Massachusetts tax rebate is in three days.
Taxpayers in the Bay State can receive roughly 14% of their income tax liability for tax year 2021. Anyone who paid personal income taxes in Massachusetts for the 2021 tax year is eligible for the rebate, according to the state government's website.
The distribution of funds began last year on Nov. 1, 2022, so most have already been sent. Eligible residents who file before Friday can expect their money within a month of filing.
The rebate was made law in 1986 through Chapter 62F, which requires the government to provide a tax credit if the state revenue exceeds an annual cap tied to wage and salary growth. Since it was enacted, it has only been triggered once in 1987.
Revenue during fiscal 2022 exceeded the cap set by Chapter 62F by roughly $2.9 billion.
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Those eligible for the rebate will be sent a check through the mail or have the money directly deposited into their bank account.
The refund will not be treated as taxable income.