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Tax Relief in Massachusetts

Massachusetts MapMassachusetts residents have one of the lowest personal income tax rates in the nation with its flat rate of 5.2%. This puts the state 21st lowest among all states that levy an individual income tax. However, with an average of $1,761 collected per person in state and local income taxes, Massachusetts ranks fourth highest in the nation.

Similarly, state residents pay the fourth highest amount in average federal taxes per year at $15,552, more than $4,000 higher than the U.S. average. Property taxes are also high compared with the rest of the nation, as Massachusetts’ state and local governments collected more than $2,000 per person. These three taxes have made it necessary for many individuals in Massachusetts to seek tax relief as their financial burdens increase.

Even with a median income of $62,963, Massachusetts residents have seen a decline of more than 8% in the average household income over the past few years.

This relatively high median income does not stop many people in Massachusetts from having taxes owed to federal, state, and local government. When forced to choose between saving money to pay the IRS and feeding their families, it is no surprise that many families use their income to buy groceries, put gas in the car, or pay the rent. When April 15th rolls around, individuals find themselves with little-to-no money in savings to meet their tax obligations.

Because of the challenges faced by many living in Massachusetts, tax relief is becoming one popular strategy to manage mounting pressures due to job loss, medical bills, or increasing tax bills. Experienced tax relief companies have a wide range of tools available to help their clients alleviate the stress of owing taxes at the federal and state level, and of knowing that wages may be garnished or assets seized. Tax relief can come in many formats, such as audit representation and reconsideration, setting up various types of payment plans with the IRS, and tax return review.


Viewpoint: The unconstitutional millionaire's tax proposal

There is another reason why the SJC should reject the millionaire's tax proposal. Under the Massachusetts Constitution, the Legislature has the primary authority to budget for the commonwealth's spending needs, and it makes little sense to allow the ...

Published:  Thu, 17 May 2018 07:06:00 GMT

Will there be a 2018 Massachusetts sales tax holiday Lawmakers noncommittal so far

Gov. Charlie Baker said he will ask lawmakers to approve a sales tax holiday this summer, but legislative leaders have not yet decided whether they will agree to pass one. "We'll take a run on them for a sales tax holiday between now and the end of the ...

Published:  Tue, 08 May 2018 11:22:00 GMT

IPG Photonics seeks tax deal to expand in Oxford

IPG Photonics Corp. is seeking tax relief from the town in the form of a tax increment ... "We've been looking both locally here, as well as in the rest of Massachusetts, and even national, on where we are going to expand," Mr. Mammen said.

Published:  Wed, 16 May 2018 21:22:00 GMT

55 Porter Rd, Andover, MA 01810

55 Porter Rd, Andover, MA 01810 is a single family home for sale located in the Andover neighborhood. Browse® for nearby schools and neighborhood information. Find homes similar to 55 Porter Rd within your price range.

Published:  Sat, 19 May 2018 04:00:00 GMT

Polito: Sales tax cut "makes some sense"

"We have a record number of people working full-time in Massachusetts," Administration and Finance Secretary Michael Heffernan told municipal officials at a Local Government Advisory Commission meeting. Tax revenues, which influence levels of local aid ...

Published:  Tue, 08 May 2018 13:56:00 GMT


Tax-exempt investments are issued by or for states ... Putnam Investor Services, P.O. Box 8383, Boston, MA 02266-8383. The minimum initial investment of $500 is currently waived, although Putnam reserves the right to reject initial investments under ...

Published:  Thu, 17 May 2018 11:37:00 GMT

State's biggest health insurance firms blame Obamacare tax for Q1 losses

The state's largest insurers suffered deep losses in the first quarter of 2018, blaming the red ink on a newly-resumed tax of the Affordable Care Act. Blue Cross Blue Shield of Massachusetts, the state's largest insurer with 2.8 million members ...

Published:  Tue, 15 May 2018 18:57:00 GMT

Hopedale Town Meeting asks voters to raise tax rate

Of that $26.6 million, tax revenue would make up about $14.7 million under the proposed 7.5 percent increase, with additional money coming from other sources like state financial aid, she said. According to the Massachusetts Department of Revenue ...

Published:  Wed, 16 May 2018 18:02:00 GMT

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