massachusetts tax rate

The Massachusetts Sales Tax is administered by the Massachusetts Department of Revenue. You can learn more by visiting the sales tax information website at Other important Massachusetts state tax return information and other related features (e.g. tax extension, amendment, etc.) are listed here as well.

Tax returns may be e-filed without applying for this loan. Fees for other optional products or product features may apply. Limited time offer at participating locations. The Bay State is often called “Taxachusetts” – and there are some good reasons why it got that nickname. Massachusetts has a flat rate of 5% of federal adjusted gross income, which can result in some higher-than-average tax bills. Property taxes also run high with a statewide median tax rate that’s above average.

Massachusetts Sales Tax Calculator.

That rate applies equally to all taxable income. Unlike with the federal income tax, there are no tax brackets in Massachusetts. State residents who would like to contribute more to the state’s coffers also have the option to pay a higher income tax rate. As a taxpayer, you must make estimated payments if the expected tax due on your taxable income not subject to withholding is more than a certain amount.

  • Terms and conditions apply; seeAccurate Calculations Guaranteefor details.
  • If you’re married filing joint, both spouses must sign the return.
  • Limited time offer at participating locations.
  • Massachusetts has a flat rate, meaning that all income of the same types must be taxed at the same rate, but different income types can be taxed differently.
  • “Goods” refers to the sale of tangible personal property, which are generally taxable.

Based on your preferences, Audri tells you delightful stories about your surroundings, even while you’re driving past, and invites you to special local restaurants and little-known attractions. A local option rooms tax of up to 6% may be applied. The Rider’s Guide is a tool to provide riders with alternative travel options and information to inform travel decisions, including how the MBTA is ensuring accessibility during the shutdown, during this project. Incorporated in 1767, the Town of Lenox, Massachusetts is located in beautiful Berkshire County. Lenox is a popular retreat, with every season attracting thousands to the Berkshires for its scenery, arts, and activities.

Massachusetts Paycheck Calculator

7-8.875% , depending on jurisdiction, on most goods and some services. All deposit accounts through massachusetts income tax MetaBank are FDIC insured. Bank products and services are offered by MetaBank®, N.A.

What is the most tax friendly state?

  • Alaska.
  • Wyoming.
  • South Dakota.
  • Florida.
  • Texas.
  • Nevada.
  • Washington.

To qualify, tax return must be paid for and filed during this period. Visit hrblock.com/halfoff to find the nearest participating office or to make an appointment. OBTP# B13696 ©2018 HRB Tax Group, Inc.

Massachusetts Holidays

To access the full report, click here. In the majority of Massachusetts cities and towns, no homes sold for a net gain of $1 million or more, meaning they wouldn’t be subject to any additional taxes under the Fair Share Amendment. These include investments in our transportation and education systems, two of the essential building blocks for individual, community, and statewide economic success. Applicants must be 18 years of age in the state in which they reside (19 in Nebraska and Alabama, 21 in Puerto Rico.) Identity verification is required. Both cardholders will have equal access to and ownership of all funds added to the card account. These provisions limiting your liability do not apply to debit transactions not processed by MasterCard or to unregistered cards. Line balance must be paid down to zero by February 15 each year.