E files your MA state tax from 2015
The Massachusetts State Income Tax arrangement utilizes a flat tax rate of 5.3 percent. There is income tax exclusion for those whose annual earnings is below a certain amount, but this amount changes from year to year.
Massachusetts has the 23rd maximum tax rate in the USA, making it quite regular as far as taxes go.
The sales tax rate for the State of Massachusetts is 6.25 percent, and it applies to the sale of solid personal assets, excluding groceries, clothing (up to $175.00), and periodicals. In 2010, taxpayers decide to repeal the state tax on liquor. The food tax in Massachusetts is the same as the Sales Tax, but some counties have selected to add a 0.75 percent local tax, bringing it up to 7 percent.
Unless purposely exempted by ruling, all real and tangible personal assets in the state of Massachusetts are taxable. The assets tax rates in MA rank 8th maximum in the country.
The MA State Tax law doesn’t have an inheritance tax, amusingly. There is a Massachusetts Estate Tax, but it’s limited, and related to federal state tax collection.
Earned Income Credit
If you be eligible for the federal Earned Income Tax Credit, then you succeed for the State EIC. Even if you haven’t had any income tax withdrawn from your pay, or if you don’t owe any income tax, you can still qualify for the EIC.
Online Filing is the best option for you
One thing you should think for filing your Massachusetts State Income Tax Return 2015 – 2016 is which way you want to file it. Filing your return on document by yourself can be hard and confusing, and hiring a tax consultant can get pretty costly. One of the cheapest and easiest ways to send in your tax return is to file online from our online web site. You’ll get your refund much more rapidly, and there are many cheap programs that can fill out your forms for you.