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Tuesday, February 7, 2023

Stimulus Check News: Massachusetts Announces $500 Tax Rebate Checks

On Thursday, lawmakers in the Massachusetts Legislature announced plans to distribute 500 & 250 dollar stimulus checks to individuals throughout the state as part of a new stimulus package.

Members of the Massachusetts legislature, including Ronald Mariano and President Karen Spilka, said in a joint statement that they will distribute cheques to constituents depending on their income brackets. Massachusetts Taxpayers Foundation estimates that the state had a surplus of $3.6 billion in the previous fiscal year, which is where the money will come from.

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As it was reported that people all around the state were waiting for aid from the govt, this is a welcome development. Residents told WWLP that the state should continue its stimulus checks and the min wage to be raised to account for rising utilities and food prices.

Stimulus Check: Are You Eligible?

The proposal provides for a one-time 250 dollars payment to qualifying individuals who file as single taxpayers, and a $500 payment to qualifying couples who file jointly.

People must have had an annual income of between $38,000 and $100k in 2021 to get these rewards. No married couple or individual taxpayer with an income of more than 150,000 dollars will be eligible for the stimulus check payment.

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With the min. income threshold in place, only individuals who have paid enough in taxes to the state will be eligible for a refund.

You should get the payout by September 30 if you are qualified, which the government would know after reviewing your tax return.

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