Income tax filing season is underway and so far the pace is slower than last year due to the IRS announcement that tax filers with itemized deductions should not file until Feb. 14, giving the IRS time to incorporate recent federal tax law changes into tax tables and forms.
As of today, DOR has received 179,860 state income tax returns, nearly 25,000 fewer than at the same time a year ago. Electronically filed returns account for 97.6 percent. The average refund is $556, up $13 from a year ago.
Use of the Senior Circuit Breaker Tax Credit is up 22 percent, with $569,182 already paid out (an increase of 25 percent) to 721 taxpayers, with the average credit totaling $789.
Use of the Earned Income Tax Credit is up 7 percent, with $20,597,475 already paid out to 52,669 taxpayers.
Go to www.mass.gov/dor and click on the homepage video with Lt. Gov. Murray speaking about the EITC on the homepage, and while on the homepage check out the tax filing tips as well as WebFile for Income, DOR's secure, free and easy to use web-based state income tax filing system.
Remember to file electronically and get your refund deposited to your bank account in three business days.