As of Friday, March 2, the Commonwealth has refunded $509.6 million to 1.07 million taxpayers.
Refunds are up $38 million from the same period a year ago, with the average refund $477, a dollar higher than a year ago.
With little more than six weeks to go before the April 17th filing deadline, 1.3 million taxpayers have filed, up 112,204 or 9 percent from a year ago. The number receiving refunds is up 78,479 or eight percent from a year ago.
The number of taxpayers who will eventually file a tax return will be about 3.4 million.
Eighty-two percent of taxpayers filing have received refunds, almost identical to a year ago at this time.
Turn around time for refunds has held steady — an average of 4.7 business days for paper returns and 3 days for electronically filed returns.
Usage of the Senior Circuit Breaker Tax Credit is up 21 percent, from 21,714 taxpayers to 26,344 so far this year, with the average credit returned $781, up $10 from a year ago. To date, $20.6 million has been paid to senior taxpayers, $3.8 million more or 23 percent more than a year ago.
The Top Ten Benefits of “MassTaxConnect” for Business Taxpayers posted on Jul 30
Getting to know DOR’s New, Modernized Filing System As you may have heard, the Massachusetts Department of Revenue is revamping the way the business taxpayers can file taxes in the Commonwealth. This new filing system, MassTaxConnect, offers taxpayers a state-of-the-art tax administration system that will …Continue Reading The Top Ten Benefits of “MassTaxConnect” for Business Taxpayers
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