Learn how to file your income tax return, make a payment, check the status of your refund, and more. Complete and e-File your Massachusetts Income Tax Return on eFile.com along your Federal Tax Return. Find information on Massachusetts income brackets and rates, standard deductions, and tax forms by tax year. The Income tax rates and personal allowances in Massachusetts are updated annually with new tax tables published for Resident and Non-resident taxpayers.

State exemptions

• You may also qualify for certain personal income tax credits, which can reduce the amount of tax you owe.
• Massachusetts requires you to pay taxes if you’re a resident or nonresident who receives income from a Massachusetts source.
• Residents of Massachusetts are also subject to a penalty if they do not have health insurance coverage, which is paid through their tax return.
• Anyone who files a Massachusetts state tax return is given a personal exemption amount based on their tax filing status.
• An overpayment may also be generated if you are entitled to a refundable credit that exceeds the amount of tax due.
• In Massachusetts, average property taxes are paid about 1.14% of assessed home value, according to the Tax Foundation.

Next, check what income you included in your Massachusetts gross income that you’re supposed to deduct on the appropriate Schedule, and then massachusetts tax brackets deduct the income. “Once again, big business wins and the average taxpayer loses, and two weeks before Christmas? Yeah, I see that as a problem,” BPPA president Larry Calderone said after Monday’s Senate session. Council President Ruthzee Louijeune’s office did not return the Globe’s request for comment.

• The draft retained the values of the allowable deductions for heads of households and blind employees.
• Most refunds are claimed on an original return and will be issued automatically by the Department.
• The filing extension is automatic, with no need to file forms, if at least 80 percent of the tax due is paid by the April 17 deadline.
• The state’s income tax rate is only one of a handful of states that levy a flat rate.
• If you are 65 or older before Jan. 1, 2024, you may be eligible for the Senior Circuit Breaker tax credit, depending on the taxes or rent you paid on your principal residence.

Income Tax Brackets, Rates, Income Ranges, and Estimated Taxes Due

Income tax is a tax that is imposed on people and Bookstime businesses based on the income or profits that they earned. Income tax brackets are required state taxes in Massachusetts based on relative income and earnings. There are no additional local taxes collected, so 6.25% is the rate you will pay regardless of where you are in the state. The tax is on the purchase or use of “tangible personal property.” This includes nearly any purchasable good, with some exceptions. Personal income tax exemptions directly reduce how much tax you owe. Exemptions are generally related to your filing status and number of dependents you report on your tax return, but not always.

Need help with your taxes?

If you didn’t owe any taxes and didn’t file by the deadline, an extension to October is automatically granted. Massachusetts collects a state income tax at a maximum marginal tax rate of %, spread across tax brackets. Unlike the Federal Income Tax, Massachusetts’ state income tax does not provide couples filing jointly with expanded income tax brackets. Property taxes are collected by local governments in Massachusetts and are usually based on the value of the property. Money that is collected from these taxes is often put back into local communities to help improve the schools, infrastructure, roads, and other community and public works projects.

for Exemptions

• Massachusetts has a flat personal income tax rate of 5% of federal adjusted gross income.
• The estate tax rate varies from 0.8% of the portion of the estate’s value over $1 million to 16% on the portion of an estate over $10,040,000.
• If you earned less than $8,000 during the 2023 tax year, you don’t have to file a Massachusetts tax return.
• Instead, state taxpayers can determine if they qualify for certain tax exemptions to reduce the amount of tax owed.
• For income exceeding $1,053,750, there is an additional surtax of 4%.
• If you’re a nonresident with an annual gross income that exceeds either $8,000 or the prorated personal exemption (whichever is less), you’re required to file taxes in Massachusetts.
• The new data showed the decline in commercial property values, and increase in residential values, was not as dramatic as the Wu administration had previously predicted.

Property taxes in Massachusetts are one of the most significant sources of revenue for local governments. In some counties, median property taxes paid unearned revenue exceed $6,000 per year. The median property tax bill in the state is $5,091 – one of the highest in the country. Most refunds are claimed on an original return and will be issued automatically by the Department. For e-filed returns the turnaround time is about 6 weeks; but for paper returns it could take up to 10 weeks. You must claim your refund or credit within a certain time period, as further detailed below.

How much is income tax in Massachusetts?

Once you’ve filed your tax return, all you have to do is wait for your refund to arrive. If you want to check the status of your Massachusetts tax refund, you can visit the Massachusetts Income Tax Refund page. If your state tax witholdings are greater then the amount of income tax you owe the state of Massachusetts, you will receive an income tax refund check from the government to make up the difference. The two most popular tax software packages are H&R Block At Home, sold by the H&R Block tax preparation company, and TurboTax Federal & State, sold by the Intuit software company.