CARACAS, VENEZUELA - JUNE 26: A customer pays with US dollars at a bakery shop on June 26, 2019 in Caracas, Venezuela. Everyday, more Venezuelans use American dollar notes to buy groceries, pay a hair cut or fill the tank of their cars and motorbikes. As IMF forecasts a 10 million percent inflation for 2019 in Venezuela, using dollars is a way to protect savings. Today, one US Dollar is worth 6,359 bolivares soberanos according to Venezuela Central Bank. Due to official restrictions, most people get dollars in the black market at higher rates. (Photo by Matias Delacroix/Getty Images)

Are you checking your bank account? Who needs Powerball? It’s official: Massachusetts rebates go out today.

Thanks to an old law called Chapter 62F, you and I maybe getting a nice little chuck of unexpected cash.

What Is 62 F?

According to CBS Boston:

Massachusetts is returning $2.941 billion in excessive revenue to taxpayers, thanks to an obscure law from 1986. The ballot question called “Chapter 62F” allows for tax rebates when the state budget is overflowing.

SO, what does that mean?

  • You don’t have to do anything, as long as you filed a 2021 tax return.
  • Starting today, until December 15, check your bank account. If you get your tax refund by direct deposit you may get a refund of 14% of what you paid in personal income tax. If you don’t use direct deposit, you’ll get a check, according to the Department of Revenue.
  • It will be labeled in your bank account as MASTTAXRFD
  • 3 Million taxpayers should receive the refund.
  • Call Center Number: 877-677-9727 is available to answer questions about refunds, but they will not be able to give you exact refund amounts.

So, check your bank account or mail box! Massachusetts rebates go out today!

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