Learn More About The Massachusetts State Tax Rate

All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues. If you will be subject to the MMT, changing your municipal bond strategy to be Massachusetts focused will exclude that income from Massachusetts taxable income.

The PTE Excise tax is not mandatory, and the related provisions only apply to a PTE if they elect to be subject to the excise. You can pay your Massachusetts state taxes online at MassTaxConnect (through the state’s Department of Revenue) or via mail. When you use an ATM, in addition to the fee charged by the bank, you may be charged an additional fee by the ATM operator. See your Cardholder Agreement for details on all ATM fees. See Online and Mobile Banking Agreement for details.

Paying Massachusetts Estimated Taxes

If you’re married filing joint, both spouses must sign the return. The state’s room occupancy excise tax rate is 5.7%. Note that while the statute provides for a 5% rate, an uncodified surtax adds .7% to that rate.

This is in addition to the other state tax, usually 5%, on income. Massachusetts is considering multiple taxes on digital advertising services. Currently pending is a proposal whereby taxpayers with at least $50 million in annual gross revenues and $100,000 in revenues derived from Massachusetts digital advertising services would be subject to a tax on such services . Further, taxpayers with revenue from digital advertising services greater than $25M would be subject to a five percent excise tax.

Inheritance and Estate Tax and Inheritance and Estate Tax Exemption

Before the official 2023 Massachusetts income tax rates are released, provisional 2023 tax rates are based on Massachusetts’ 2022 income tax brackets. Our state ranking and income tax figures are based on a family of four earning the national median household income of $50,000 per year. Deductions and personal exemptions are taken into account, but some state-specific deductions and tax credit programs may not be accounted for. If you filled out physical tax return forms, mail your completed Massachusetts income tax return to the Massachusetts no later then December 31st.

SmartAsset’s free tool matches you with up to three vetted does massachusetts have state income tax advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. Your location will determine whether you owe local and / or state taxes. Rocky was a Senior Tax Editor for Kiplinger from October 2018 to January 2023.

Standard Deduction

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Ballotpedia does not curate or endorse these articles. According to the United States Census Bureau, Massachusetts collected $27.28 billion in tax revenue in 2016. The state’s tax revenue per capita was $4,005.