![]() ![]() ![]() Tax rates: The tax rates for tax year ending are: If the taxable income is: Most taxpayers pay a maximum 15 rate, but a 20 tax rate applies if your taxable income exceeds the. $85,025, plus 8.95% of the excess above $1,000,000. Capital Gains rates will not change for 2021, but the brackets for the rates will change. Massachusetts Income Tax Table Note: Massachusetts income tax has a single flat tax rate for all income. $28,150, plus 8.75% of the excess above $350,000. For tax year 2023, Massachusetts has a 5.0 tax on both earned (salaries, wages, tips, commissions) and unearned (interest, dividends, and capital gains) income. Tax rates: The tax rates for tax years beginning after and before are: If the taxable income is: Starting with income earned in 2023, an additional 4 tax on income over 1 million will be levied, making the highest tax rate in the state 9. Tax Rates: The tax rates for tax years beginning after are: If the taxable income is: The taxable income of an individual who is domiciled in the District at any time during the tax year (or who maintains an abode in the District for 183 or more days during the year) or of a DC estate or trust is subject to tax at the following rates: Rates for Tax Year 2022 ![]()
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