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A tax holiday is a temporary reduction or elimination of a tax. It is synonymous with tax abatement, tax subsidy or tax reduction. Governments usually create tax holidays as incentives for business investment, although the arrangement has also been characterized as a form of corporate welfare that leads to a redistribution of resources away ...
The state's annual Sales Tax Holiday is back, meaning people can save 6.25% on most items under $2,500 on Saturday and Sunday. Here's what you can and can't get tax-free in Mass. this weekend ...
When Is Tax-Free Weekend in 2025? Tax-free weekends vary from state to state — and from purpose to purpose. For example, many states offer tax-free weekend sales exclusively for the back-to ...
It's every shopper's favorite weekend of the year - tax free weekend is starts this Saturday, Aug. 10 in Massachusetts. This year, the sales tax holiday will take place on Saturday, Aug. 10 and ...
Tax Day was first introduced in 1913, when the Sixteenth Amendment was ratified. The date is delayed if it conflicts with a weekend or public holiday such as Emancipation Day. Natural disasters or public health emergencies, most recently the COVID-19 pandemic, also delay Tax Day when they prevent filing taxes on time. State income agencies ...
Chapter 61 is a voluntary current use program designed by the Massachusetts Legislature to tax real property in the Commonwealth of Massachusetts at its resources value rather than its highest and best use (development) value. Landowners who enroll their land in the program receive property tax reductions in exchange for a lien on their ...
It's every shopper's favorite weekend of the year - tax free weekend is almost here in Massachusetts. This year, the sales tax holiday will take place on Saturday, Aug. 10 and Sunday, Aug. 11. For ...
An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.