Today, October 4, 2023, Governor Healey signed into law major tax legislation that includes estate tax relief, closing a loophole around the newly implemented millionaire’s tax, short-term capital gains tax cuts and more....more
On September 26, 2023, Massachusetts leaders announced major tax legislation that includes estate tax relief, closing a loophole around the newly implemented millionaire’s tax, short-term capital gains tax cuts and more. It...more
10/2/2023
/ Capital Gains ,
Corporate Taxes ,
Estate Planning ,
Income Taxes ,
Payroll Taxes ,
Pending Legislation ,
Property Tax ,
Sales Tax ,
State Taxes ,
Tax Planning ,
Tax Relief
On April 13, the Massachusetts House of Representatives approved H.3770, a tax reform bill that includes significant changes for individuals, businesses and estates. The bill is now with the Senate’s Ways and Means Committee,...more
5/12/2023
/ Apportionment ,
Capital Gains ,
Capital Gains Tax ,
Corporate Taxes ,
Estate Tax ,
Income Taxes ,
Pending Legislation ,
State Budgets ,
State Taxes ,
Tax Credits ,
Tax Planning ,
Tax Reform
On November 8, 2022, Massachusetts voters approved an amendment to the Massachusetts Constitution that implements a surtax of 4% on an individual’s annual taxable income to the extent it exceeds $1 million starting January...more
On November 8, Massachusetts voters voted “yes” to approve the imposition of a 4% surtax on Massachusetts taxpayers with income over $1 million. This so-called “Millionaire’s Tax” will be imposed on top of the state’s current...more