While inflation has fallen somewhat following record-high levels not seen since the early 1980s, consumers are still experiencing sticker shock.
The commonwealth announced that it would be providing eligible taxpayers with a refund that amounts to 14.0312% of their personal income tax liability based on their 2021 returns.
Massachusetts officials announced that they collected nearly $3 billion in excess taxes — triggering the statute mandating the refund.The commonwealth began sending out refunds in November. Eligible taxpayers started receiving their refund through direct deposit or a check sent in the mail. If the plan is approved, singles filing separately would receive a $180 check, though a couple filing jointly would receive the same amount.Lawmakers in Michigan are mulling a proposal to send $180 checks to help offset inflation.Whitmer and fellow Democrats need Republican support if the checks are to be sent to Michiganders immediately, as the governor intends,Residents have until Feb.
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