14% Worth Tax Rebate Checks Arriving On Thursday, Update On Stimulus
3 million estimated Massachusetts residents are going to receive tax rebates worth 14% of what they paid in state income taxes on Thursday. Most of the taxpayers have gotten their tax rebate a month ago in November, although some are still waiting, according to WBUR.
According to a published post by Gazzette, Thursday has finally come, meaning taxpayers who have yet to receive their rebate will be receiving it by then, according to GBH News.
Stimulus update: Massive tax rebate checks worth 14% to arrive Thursday (Photo: Gazette)
Stimulus update: Massive tax rebate checks worth 14% to arrive Thursday
The number of people in total who receive these rebates will be a set fraction of one’s paid income tax, which means higher earners will get much more than lower earners. Anyone who makes$35,000 annually will get $200 from this rebate, while people who make $1 million yearly will get $7,000 from this rebate, according to examples used by WBUR.
The rebates will be directly sent to taxpayers’ bank accounts through direct deposit. Otherwise, they will receive a check in the mail. Those who are qualified will get roughly 14% back of what they paid in state income taxes.
There’s still time for taxpayers to file for this rebate. The deadline for filing was pushed back to Sept. 15 of next year. Because of this, payments related to this rebate will be sent well into 2023.
