Massachusetts lawmakers are debating this week whether to offer tax relief and rebates to residents amid the highest inflation rates seen in decades.
A $3.8 billion dollar spending bill was given initial approval by the Massachusetts House of Representatives on Monday, which calls for roughly one $1 billion in combined tax relief. About half of that relief would come in the form of one-time rebates. The other half includes tax reforms that would take effect in 2023. Those tax breaks include an increase in the child or dependent care credit, while eliminating the child cap.
With inflation taking its toll, Massachusetts lawmakers have proposed a plan to offer one-time, $250 payments to middle-income residents.
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