Room occupancy excise tax must be collected and paid for room rentals of 90 days or less, as well as hotels, motels, B&Bs, and lodging houses. The tax also applies to the short-term rental of a property for 31 days or less. The owner of short-term rental property is required to register each property through Mass [...]
This article was published by the MA Department of Revenue. I. Introduction The U.S. Treasury minted the last penny on November 12, 2025. Nevertheless, a penny remains legal tender. As a result, vendors may be experiencing a penny shortage, and they have begun rounding to the nickel to make change. This Directive provides guidance to vendors [...]
General overview of the most common differences between the federal and Massachusetts state tax treatment of corporate excise. Massachusetts generally follows the Internal Revenue Code (IRC) as currently in effect for Massachusetts corporate excise tax purposes. The following is a summary of the most common differences between the IRC and Massachusetts tax code for corporate excise [...]
General overview of the most common differences between Massachusetts and federal tax treatment of personal income — for tax years beginning on or after January 1, 2024. For more information, click here. Overview For personal income tax purposes, for tax years beginning on or after January 1, 2024, Massachusetts generally follows the provisions of the Internal [...]
The earned income tax credit is both a federal and a state tax credit for low to moderate-income families. For tax year 2025, the MA credit is 40% of the federal credit. It is refundable, meaning you can get money back, but only if you file your tax return. You must be a MA resident for [...]
