This November, millions of Massachusetts taxpayers could receive an automatic state refund, under a little-known law called Chapter 62F.

According to Chapter 62F, the net Massachusetts state tax revenues for 2022 exceeded the allowable amount, resulting in a surplus of $2.941 billion. This surplus will be returned to taxpayers in the form of a refund.

Eligible taxpayers will receive a refund of approximately 13% of their Massachusetts personal income tax liability for Tax Year 2021. This percentage is a preliminary estimate and will be finalized in late October, with the distribution of refunds expected to begin in November 2022. Please note that certain factors may reduce the amount of the refund, such as unpaid tax liability, unpaid child support, and certain other debts.

To be eligible, taxpayers must have filed a 2021 Massachusetts state tax return on or before October 17, 2022. Eligible taxpayers do not need to take any action – the refund will be distributed automatically as a check sent in the mail or via direct deposit.

A refund estimator is available on the mass.gov website.

If you have questions, leave a comment below, or feel free to contact me directly. I'm happy to help!