Ma Tax Brackets 2024. Increases the tax credit for a dependent child, disabled adult, or senior from $180 to $310 in taxable year 2023, and then to $440 in taxable year 2024. If you make $70,000 a year living in massachusetts you will be taxed.
Estimate your 2023 taxable income (for taxes filed in 2024) with our tax bracket calculator. Massachusetts department of revenue matters of interest.
The Average Tax Refund Is Bigger So Far This Year.
2 published circular m, comprising the 5 percent withholding tables and the percentage.
New For The 2024 Filing Season, An Additional 4% Tax On 2023 Income Over $1 Million Will Be Levied, Making The Highest Tax Rate In The State 9%.
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The Massachusetts Income Tax Has One Tax Bracket, With A Maximum Marginal Income Tax Of 5.00% As Of 2024.
Massachusetts' 2024 income tax ranges from 5% to 9%.
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Massachusetts Has A Flat Income Tax Rate Of 5%, But Charges A 4% Surtax On Income Over $1 Million.
Increases the cap on the rental deduction from $3,000 to $4,000.
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For income exceeding $1,053,750, there is an additional surtax of 4%.
Per The Irs, Almost 44.6 Million Taxpayers Have Submitted Their Tax Returns So Far In 2024.
Calculate your total tax due using the ma tax calculator (update to include the 2024/25 tax brackets).