Are Massachusetts 62F Rebates Taxable? The IRS Isn't Sure
If you received a 13% tax rebate from the Massachusetts government last year due to excess revenues in state coffers, you might be wondering: is that taxable income? The IRS doesn't know.
Chapter 62F Massachusetts General Laws
Massachusetts Revenue Officials: Return $2.9 Billion to Taxpayers
As Massachusetts continues to haul in oodles in excess tax dollars, the Department of Revenue says taxpayers are due $2.9 billion in rebates.