Three million Americans to get range of tax refund payments from $3billion pot – see if you’re eligible

THREE million Americans are set to benefit from a range of tax refund payments from a pot worth $3billion.

The payments come as part of a voter-approved law ratified in 1986 known as Chapter 62F, which states that residents are subject to a refund if tax revenue collections exceed the annual tax revenue cap.

The state of Massachusetts said that most of the tax refund checks have been mailed out.

The refunds come from $3billion in excess tax revenue in the state.

Eligible taxpayers are receiving refunds of about 14% of their personal income tax liability for the 2021 tax year.

Around $2.5billion has already been distributed to about 2.9 million taxpayers, according to the Massachusetts Department of Revenue.

Of that, 1million refunds were distributed by direct deposit, totaling around $600million.

Another 1.9million refunds totaling $1.9billion were mailed via paper check.

Refunds were sent out from the beginning of November.

All refunds are expected to be received by mid-December.

Direct deposits will be labeled “MASTTAXRFD,” while checks will have an explanation for the refund.

If you’ve not yet received a check, it may be coming within the next two weeks.

However, if by December 15 you’ve not received a payment, you can contact the Chapter 62F call center at 877-677-9727.

A website has been set up for Massachusetts residents to check for a preliminary estimate of your refund.