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 [...]
This video highlights recent law changes within the Massachusetts Department of Revenue, including Massachusetts tax conformity to certain provisions within the One, Big, Beautiful Bill. There may be some differences between MA and federal law for tax year 2025. Additionally, it covers the annual update of the Senior Circuit Breaker credit. The maximum amount of the [...]
You may be able to claim a refundable credit on your MA personal income tax return. The circuit breaker tax credit is based on the actual real estate taxes or rent paid on the Massachusetts residential property you own or rent and occupy as your principal residence. The maximum credit amount is determined each year. If [...]
