Tax Cuts passed by the Massachusetts legislature in 2023 are providing some important changes for taxpayers in the state. to Top 3 of importance for personal filers are:

  • Decrease of the Tax Rate Applicable to Short-term Capital Gains 
  • Increase to the Circuit Breaker Tax Credit
  • Increase to the Rental Deduction  

Please click this link to see the 10 new tax filing changes for Mass state residents filing personal returns.