Massachusetts residents who read closely may notice something odd in their paperwork: it’s called the optional income tax rate and it’s exactly what it sounds like. Instead of 5.2 percent, you can opt to pay the state 5.85 percent.
A state task force is expected to release a report on the MBTA’s failures during this winter’s storms this week. Gov. Charlie Baker has discouraged the push for new taxes to help solve the transit system’s problems.
Massachusetts Governor Deval Patrick says he’s not fazed by comments from House Speaker Robert DeLeo ruling out any new taxes in the state’s next budget.
Massachusetts legislators this week are scheduled to decide whether to give residents a sales tax-free weekend in August.
Massachusetts legislative leaders are outlining a plan they say will boost spending on the state’s transportation needs by half a billion dollars.
Springfield Mayor Domenic Sarno was on Beacon Hill Tuesday testifying in favor of a bill in the Massachusetts Senate that would allow municipalities to raise property taxes on future casino develop
Massachusetts Governor Deval Patrick outlined a controversial proposal in his State of the Commonwealth address this week that would both raise and lower taxes.
The IRS’s online filing system is up and running on time and for the second year in a row, the government won't be mailing out paper forms or instructional booklets. New England Public Radio reports on tax season.
Stephen Sugermeyer is an accountant in Ludlow, Massachusetts and he teaches accounting at Western New England College. He says there's no last-minute legislation to change tax preparation this year.
A recent change in Wal-Mart's corporate status in Massachusetts has resulted in a big tax hit to host communities. Within the past year, Wal-Mart, which operates more than two dozen stores in the Bay state changed the way it is authorized to do business in the state – moving from a limited liability company, to full corporate status — a perfectly legal move, according to the state's department of revenue. Under the state tax code, LLC's must pay what's called the personal property tax to municipalities — but corporations do not.