One of the most frequent questions the IRS gets every year is, "Are my Social Security benefits taxable?" The IRS website has a tool called the Interactive Tax Assistant that can help you answer this question. To use it, visit IRS.gov/ita. Scroll down and click on "Are My Social Security or Railroad Retirement Tier 1 Benefits [...]
This article was published by the IRS. Taxpayers who owe taxes or have not yet filed can benefit from acting early. Taking the steps outlined below can help limit penalties and interest, prevent delays, and make it easier to resolve tax issues. This Tax Time Guide focuses on what to do now. Step 1: Prepare to [...]
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 [...]
This article was published by the IRS. There are some changes for the 2026 tax filing season that people who are 65 years of age and older should be aware of. The most recent being the enhanced deduction for seniors, which is a provision of the One, Big, Beautiful Bill. The IRS is sharing what’s new, [...]
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 [...]
