It is now getting close to procrastination time. Both state and federal income taxes this year are due on April 17 — and with two weeks to go, nearly 1.3 million tax filers out of an estimated 3.4 million have yet to file their MA income tax.
That's about 40 percent of all the tax returns DOR expects to receive for tax year 2011.
It's not unusual; at this time a year ago, 71,000 fewer taxpayers had filed.
Massachusetts tax returns are due on April 17 because April 15 is a Sunday and April 16 is Patriot's Day. Federal tax returns are due April 17 because April 16 is Emancipation Day, a holiday celebrated in the District of Columbia that closes government offices in D.C.
As of April 2, more than 2.12 million tax returns had been filed, 70,491 more than at the same point a year ago.
Nearly 87 percent of all returns have been filed electronically, up slightly from 86 percent a year ago.
More than 1.6 million taxpayers have received refunds averaging $469; a year ago more than 1.5 million taxpayers had received refunds averaging $471,
The amount of refunds paid is $766.45 million, more than the $745.13 million paid at the same point a year ago.
The average electronic refund is sent within three business days while the average paper return refund is sent in five days; those are essentially the same as last year.
Prep Early for Next Tax Season posted on May 20
Filing season is finally over and we know the last thing on your mind is next tax season. But did you know that if given more prep time, you could be saving yourself lots of stress and time? Start planning for next tax season now …Continue Reading Prep Early for Next Tax Season
DOR’s Participation in the Family Court Workshops posted on Apr 22
Once a month, the Department of Revenue’s Child Support Enforcement (CSE) lawyers and staff volunteer to be a part of the Family Court Workshops for Mothers and Fathers at the Suffolk County Probate & Family Court in Boston. The workshops, a joint venture between community …Continue Reading DOR’s Participation in the Family Court Workshops
DOR Ruling Favorable in First Circuit Judgment posted on Mar 17
The United States Court of Appeals for the First Circuit issued judgments in the Department of Revenue’s (DOR) favor last month, finding that taxpayers in Bankruptcy proceedings cannot discharge late filed tax returns. The court consolidated two similar cases brought before them involving a total …Continue Reading DOR Ruling Favorable in First Circuit Judgment