Massachusetts state tax calculator

How is Ma state income tax calculated?

Massachusetts is a flat tax state that charges a tax rate of 5.05%. That goes for both earned income (wages, salary, commissions) and unearned income (interest and dividends). No Massachusetts cities charge their own local income tax .

How much is state tax in Massachusetts?

The Massachusetts ( MA ) state sales tax rate is currently 6.25%.

How much will I make after taxes in Massachusetts?

If you make $55,000 a year living in the region of Massachusetts , USA, you will be taxed $12,063. That means that your net pay will be $42,937 per year, or $3,578 per month. Your average tax rate is 21.93% and your marginal tax rate is 34.75%.

How do I calculate sales tax on a car in Massachusetts?

Multiply the net purchase price or NADA value by the state’s sales tax rate. At the time of publication, the state sales tax rate was 6.25 percent.

What is the Massachusetts income tax rate for 2020?

Introduction. For tax year 2019, Massachusetts had a 5.05% tax on both earned (salaries, wages, tips, commissions) and unearned (interest, dividends, and capital gains) income. The tax rate was lowered to 5% for tax years beginning January 1, 2020, and after. Certain capital gains are taxed at 12%.

What is not taxed in Massachusetts?

While the Massachusetts sales tax of 6.25% applies to most transactions, there are certain items that may be exempt from taxation . Other tax-exempt items in Massachusetts .

Category Exemption Status
General Clothing EXEMPT *
Food and Meals
Grocery Food EXEMPT

Which state has the highest sales tax?


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Do I have to pay Massachusetts state income tax?

If your Massachusetts gross income is less than $8,000, you don’t have to file a Massachusetts tax return . If you want to claim certain refundable credits, like the Earned Income Tax Credit or Circuit Breaker Credit, you must file a tax return .

What taxes do you pay in Massachusetts?


Type of Tax Measure Rate
Tax year 2019 (File in 2020) Nonresident Massachusetts source income 5.05%
Tax year 2019 Withholding Wages 5.05%
Estate Nonresident Federal taxable estate Massachusetts real and tangible property 0.8% – 16%
Alcoholic Beverages Malt (31-gal. bbl.) $3.30

Is Massachusetts a good place to live?

The state’s economy is strong, thanks in large part to its booming high-tech industry, educated population and staple sectors such as agriculture, trade and fishing. This diversity of industries makes Massachusetts an excellent place to live for just about anyone.

How much should I pay in federal taxes per paycheck?

FICA Taxes – Who Pays What? Withhold half of the total (7.65% = 6.2% for Social Security plus 1.45% for Medicare) from the employee’s paycheck . For the employee above, with $1,500 in weekly pay , the calculation is $1,500 x 7.65% (. 0765) for a total of $114.75.

How do I calculate my overall tax rate?

To determine their overall effective tax rate , individuals can add up their total tax burden and divide that by their taxable income.

Does Massachusetts have a luxury tax?

(WWLP) – In Massachusetts , clothing and shoes are tax exempt, unless you spend over a certain amount. The state’s luxury tax kicks in when you spend more than $175 on an item. It’s the same as the sales tax , 6.25%.

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Is there a maximum sales tax on cars in Massachusetts?

What is the local sales tax rate in Massachusetts ? A vehicle is one of the largest purchases you can make in Massachusetts , and as a result, often has one of the highest sales tax costs. According to SalesTaxHandbook, Massachusetts has a state sales tax rate of 6.25% on all cars purchased in the state.

How much are new plates in MA?

You may request one or two replacement license plates at any time. Fees.

Name Fee Unit
License plate replacement fee for normal, specialty, vanity, or reserve plates $10 per plate

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