Massachusetts Tax FAQs

• taxmOuth Massachusetts Tax FAQs

Massachusetts Tax Forms

• taxmOuth Massachusetts Tax Forms

Massachusetts Corporate Taxes

• taxmOuth Massachusetts Corporate Taxes
• Massachusetts Tax Rates & Brackets:
  
  9.5%> $0 (includes 14% surcharge)
  
• Loss Carry-back/fwd: 0 Years Back / 5 Years Forward (Unlimited)
• Throwback Sales?: Y
• Foreign Tax Deductible?: N
• Alternative Minimum Tax (AMT): N
• Gross Receipts Tax: N
• Capital Stock (Net Worth) Tax?: 0.260% (unlimited)

Massachusetts Tax Incentives and Credits

• taxmOuth Massachusetts Tax Credits
• Job Credits?: Y
• R&D Credits?: Y
• Investment Credits?: Y

Massachusetts Individual Income Taxes

• taxmOuth Massachusetts Individual Income Taxes
• Massachusetts tax rates and brackets:
  
  5.3%> $0 + 12% on certain capital gains
  
• Local Option IT Rate: None
• Federal Inc used as Base?: Y
• Standard Deductions: Single N/A / Joint N/A
• Personal Exemptions/Credits (c): Single $4,125 / Joint $8,250 / Dependent $4,125
• Federal Tax Deductible?: N
• State Tax Deductible?: Y
• Alternative Minimum Tax (AMT)?: N

Massachusetts Estate, Gift and Inheritance Taxes

• taxmOuth Massachusetts Estate and Gift Taxes
• Gift Tax?: N
• Estate Tax?: Decoupled
• Inheritance Tax?: N
• Generation-Skipping Tax?: N

Massachusetts Miscellaneous Taxes

• taxmOuth Massachusetts Miscellaneous Taxes
• Gas Tax: 23.5 cents/gallon
• Diesel Tax: 23.5 cents/gallon
• Cigarette Tax: 251.0 cents/20 pack

Massachusetts Pass-through Tax Treatment

• taxmOuth Massachusetts Pass-through Entity Tax
• LLC Pass-through Recognized?: Y
• S-Corp Pass-through Recognized?: Partial

Massachusetts Payroll Taxes

• taxmOuth Massachusetts Payroll Taxes
• Unemployment Insurance Tax Index (TaxFoundation.org): #49

Massachusetts Property Taxes

• taxmOuth Massachusetts Property Taxes
• Median Tax Paid on Homes (Rank): $3,406 (#6)
• Median Value of Homes: $353,600
• Tax as % of Home Value (Rank): 0.96% (#20)
• Median Income of Homeowner: $84,549
• Tax as % of Income (Rank): 4.03% (#9)

Massachusetts Sales and Use Taxes

• taxmOuth Massachusetts Sales and Use Taxes
• State Rate: 6.25%
• County & City (Weighted Ave): None
• Combined State and Ave. Local Rates (Rank): 6.25% (#29)
• General Treatment of Services: Exempt
• Gasoline: Exempt
• Groceries: Exempt