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State and Local Taxes
Massachusetts State Tax Summary

Massachusetts state tax summary, including corporate and individual Massachusetts income taxes, credits, exemptions, deductions and more. Includes Massachusetts estate, gift and inheritance tax, miscellaneous Massachusetts taxes, pass-through entity treatment, payroll taxes, property taxes and Massachusetts sales & use taxes.

Massachusetts ranks #36 on the State Business Tax Climate Index (TaxFoundation.org).

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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

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

Massachusetts Miscellaneous Taxes

Massachusetts Pass-through Tax Treatment

Massachusetts Payroll Taxes

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

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