Search results
Results from the WOW.Com Content Network
Updated: January 25, 2024. Rates. For due dates, go to DOR Tax Due Dates and Extensions. This page provides a graph of the current tax rates in Massachusetts.
5.0% personal income tax rate for tax year 2023. For tax year 2023, Massachusetts has a 5.0% tax on both earned (salaries, wages, tips, commissions) and unearned (interest, dividends, and capital gains) income. Certain capital gains are taxed at 8.5%. Everyone whose Massachusetts gross income is $8,000 or more must file a Massachusetts personal ...
For tax year 2023 (taxes filed in 2024), Massachusetts’ state income tax rate was 5% on annual gross income over $8,000. Gross income in Massachusetts includes both earned income, such as...
The state of Massachusetts has a personal income flat tax rate of 5% for everyone who made over $8,000 in 2023, regardless of their filing or residency status.
Learn how to file your income tax return, make a payment, check the status of your refund, and more. This page includes helpful information on personal taxes, including how to check the status of your return or refund, and how to set up a convenient account via our online MassTaxConnect application. You can also access Department of Revenue ...
Massachusetts has a flat income tax rate of 5%, but charges a 4% surtax on income over $1 million. The state also has a flat statewide sales tax rate of 6.25%. The state’s income tax rate is only one of a handful of states that levy a flat rate. Enter your financial details to calculate your taxes. Household Income.
Massachusetts has two marginal tax brackets, ranging from 5% (the lowest Massachusetts tax bracket) to 9% (the highest Massachusetts tax bracket). Each marginal rate only applies to earnings within the applicable marginal tax bracket , which are the same in Massachusetts for single filers and couples filing jointly.
The Massachusetts income tax has two tax brackets, with a maximum marginal income tax of 9.000% as of 2024. Detailed Massachusetts state income tax rates and brackets are available on this page.
Massachusetts has a flat personal income tax rate of 5% of federal adjusted gross income. As of last year, 2023, an additional 4% tax (sometimes called the Massachusetts Millionaires Tax,...
The Massachusetts state tax rate is 5% on earned income (like salaries, commissions, tips, and wages) and unearned (interest, dividends, and certain capital gains) income. (Short term capital gains, collectibles and installment sales initiated before 1996 have a 12% tax rate.) The Massachusetts tax rate decreased from previous years.