![]() Why is Chapter 62F being triggered this year? The State Auditor then makes the determination of whether net state tax revenue exceeds allowable state tax revenue – and, if so, by what amount – on or before the third Tuesday of September (September 20 th in 2022). The law requires that the Department of Revenue submit a report to the State Auditor on the net state tax revenues and the allowable state tax revenues for each fiscal year by September 1 st. Who determines whether Chapter 62F is triggered? Refund EstimatorĬhapter 62F is a Massachusetts General Law that requires the Department of Revenue to issue a credit to taxpayers if total tax revenues in a given fiscal year exceed an annual cap tied to wage and salary growth in the Commonwealth.Įnacted by voters in 1986 via a ballot question, the Chapter 62F process has been triggered once before, in 1987. Please call the 62F Refund Call Center at 87 with questions regarding your refund. Note that there is no system through which you can check the status of your 62F refund. ![]() The Department of Revenue does not initiate contact with taxpayers by email, text messages or social media channels to request personal or financial information. You can use the estimator below to estimate your refund based on your Tax Year 2021 income tax liability. ![]() If you have not yet filed your 2021 return, you are still eligible if you file by Septemand, if eligible for a refund, you should receive it approximately one month after you file. If you have already filed your 2021 tax return and you had a tax liability, no action is needed, and you should receive your refund by mid-December of 2022. ![]() Please note that credits may be reduced due to refund intercepts, including for unpaid tax liability, unpaid child support, and certain other debts.ĭistribution of refunds will begin on Novem– eligible taxpayers will receive their refund automatically through direct deposit or as a check sent through the mail. This percentage was finalized by the Department of Revenue after the 2021 individual tax return filing extension deadline of October 17, 2022. In general, eligible taxpayers will receive a credit in the form of a refund of 14.0312 % of their Massachusetts personal income tax liability for Tax Year 2021. In accordance with the statute, this excess revenue is being returned to taxpayers. LOANS ARE ARRANGED THROUGH 3RD PARTY LENDERS.In this past fiscal year, Fiscal Year 2022 (FY22), Massachusetts tax revenue collections exceeded the annual tax revenue cap set by Chapter 62F of the Massachusetts General Laws by $2.941 billion. NO MORTGAGE SOLICITATION ACTIVITY OR LOAN APPLICATIONS FOR PROPERTIES LOCATED IN THE STATE OF NEW YORK CAN BE FACILITATED THROUGH THIS SITE. THIS SITE IS NOT AUTHORIZED BY THE NEW YORK STATE DEPARTMENT OF FINANCIAL SERVICES. INFORMATION RECEIVED WILL BE SHARED WITH ONE OR MORE THIRD PARTIES IN CONNECTION WITH YOUR RESIDENTIAL MORTGAGE CFL License #60DBO-116115 | License and disclosure | NMLS Consumer Access LEAD GENERATOR ONLY, NOT ACTING IN THE CAPACITY OF A MORTGAGE LOAN ORIGINATOR, MORTGAGE BROKER, MORTGAGE CORRESPONDENT LENDER OR MORTGAGE LENDER. In California loans are made or arranged by Intuit Mortgage Inc. (CFL #6055856) | Licenses The Mint Mortgage experience is a service offered by Intuit Mortgage Inc., a subsidiary of Intuit Inc, NMLS #1979518. In California, loans are made or arranged by Intuit Financing Inc. ( NMLS #1136148), a subsidiary of Intuit Inc. ![]() Intuit Personal Loan Platform is a service offered by Intuit Financing Inc. ![]()
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