Budget | Massachusetts Legislature | Public Policy
Senate President Outlines Budget Issues for AIM Members
By Brooke Thomson President & CEO The Massachusetts Senate’s proposed $63.3 billion budget for Fiscal Year 2027 is…
FAQs
There’s a November refund coming to Massachusetts taxpayers
Why are we getting a tax refund?
A law passed in 1986 triggers automatic tax refunds if the state reaches certain revenue targets. The law has only been triggered once, in 1987.
Who is eligible for a refund?
Both individuals who pay personal income tax and pass-through entities like S. Corporations.
How much is the refund?
In total roughly $2.97 billion will be returned to taxpayers. In general individuals will receive approximately 13% of their Massachusetts personal income tax liability for Tax Year 2021. You can estimate your refund here.
Do I need to Apply?
The refunds will automatically be returned to taxpayers sometime in November. They will be based on 2022 tax returns. There is no need to apply.
How will I receive my refund?
The Department of Revenue will distribute the money directly as checks or direct deposits.
When will I receive my refund?
Refunds are scheduled to begin going out in November 2022.
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