Massachusetts law requires that when tax revenue collections in a given fiscal year exceed an annual tax revenue cap, the excess revenue is returned to taxpayers. The result: between early November and mid-December of this year, taxpayers will receive a refund check (or direct deposit) from the Massachusetts Department of Revenue labeled “MASTTAXRFD.” Your refund will equal 14.0312% of the personal income tax paid to the state in 2021.
Learn more and estimate the refund you can expect using the state-provided calculator found here:
https://www.mass.gov/info-details/chapter-62f-taxpayer-refunds. If you have questions about your 62F refund, you can also call 877-677-9727.
