FindLaw | Find a Lawyer. Find Answers.
Are you a legal Professional?
My current location:
,
| Change location
Massachusetts Personal Income Tax Laws
Explanation of Chart and More Information on Personal Income Tax Laws
| Code Section | Ch. 62, generally |
| Who is Required to File | Individuals, including fiduciaries, estates of deceased Massachusetts inhabitants, and nonresidents earning income in Massachusetts; Partnerships and S corporations are not taxed; A "corporate trust" engaged in business in Massachusetts is taxed |
| Rate | Interest, dividends, 5.3%; short term capital gains, 12%; all other income, 5.85% |
| Federal Income Tax Deductible | No |
| Federal Income Used as Basis | Yes |
Note: State laws are constantly changing -- contact an attorney or conduct your own legal research to verify the state law(s) you are researching.
Research the Law:
- Official State Codes - Links to the official online statutes (laws) in all 50 states and DC.
Related Resources for Personal Income Tax Laws: