Close to USD 3 B tax revenue will be distributed as stimulus checks to residents of Massachusetts, beginning next month. Residents need to move fast to become eligible for the same.
Stimulus Check: Massachusetts Deadline
Massachusetts residents will get their stimulus check only if they file their IT returns for 2021 on or before the specified deadline of October 17. The time frame has been extended for people who missed the opportunity of filing their income tax returns before the earlier deadline of 19 April.
If one has paid 80 percent of their tax bill, one automatically qualifies for an extension. This extension granted is only for the purpose of filing. One need not pay.
The official website of the State Govt in their post mentions that interest would be charged on the due amount in a person’s IT returns. Even if one has a very valid reason for the extension. The extension is for the purpose of filing their complete returns by Oct 17.
It will be for the second time the tax revenue will be refunded to the residents of Massachusetts. All because of Chapter 62F. Chapter 62F is a statute approved by the voter which links revenue to growth in wages. Approximately USD 3 B will be distributed as stimulus checks.
Secretary of Finance Michael Heffernan, says payments will be paid, and the amount will be in proportion to what they are paid in. the administration earlier had mentioned nearly 13 percent of their IT Returns, final and actual figure is still being worked upon, and is still not known.
People may not be eligible to receive payments if they have taxable bills which are outstanding or outstanding payments for the support of a child or if they are in debt of any other kind. Such people may see a reduction in their credit or they may be completely left out.