The MBTA is dumping nearly a billion dollars in revenue from the Massachusetts millionaire’s tax on projects officials say ...

Massachusetts has a flat tax rate of 5%. An additional 4% tax is levied on income over $1 million, making the highest tax rate in the state 9%.

Local business groups hope the Legislature kills the estate tax, which kicks in if an individual dies and leaves assets to heirs totaling more than $2 million.

Massachusetts has a base-rate five percent flat tax rate on earned and unearned income, including wages, interest, and ...

IRS is developing a new Schedule 1-A to use to claim new deductions for tip income, overtime pay, car loan interest and new tax break for those 65 an older. IRS and Treasury give new guidance on what ...

The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...

Wondering how the new mega tax law will affect your paycheck and taxes? Some of the answers lie in the new W-2 form employees will start getting for tax year 2026. The new forms show how new laws, ...

The surtax, known as the “millionaires tax,” applies to income over a threshold that adjusts each year for infl0ation. For 2025, that threshold is $1,083,150. The Massachusetts Department of Revenue ...

Amid months of hand-wringing about the state’s financial footing, Massachusetts ended the most recent budget cycle with tax collections that just about matched the official forecast for modest growth.

If you're looking for some deals on shopping, you are in luck. The Massachusetts sales-tax holiday is coming up this weekend. "During the (sales-tax) holiday, the state’s 6.25% sales tax is suspended ...

Tax free weekend is coming up in Massachusetts. It's a popular time for shopping because the state's 6.25% sales tax is waived for most retail items, though there are some notable exceptions. Here's ...