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Cambridge Massachusetts online Form 1040 (Schedule A): What You Should Know
Note, this guide is for a tax that is not on the 2024 tax schedule, 2016, or 2024 state tax annual form. Business Taxes — Mass.gov Sep 15, 2024 — This guide contains general information about business taxes in Massachusetts. It discusses business tax rates, the tax basis for assessing interest and withholding tax, the rates on taxable property that are used to determine the tax, as well as discussion of the tax code requirements on corporate income tax, sales and use tax, and local option or direct tax assessments. Massachusetts Personal Income Tax Rates — Gov.'s Office of Tax and Revenue Apr 27, 2024 — Tax Rates on Personal Income in 2024 are: 1. 8.25% on income over 127,000 for individuals 2. 9.25% on income over 201,000 for individuals and 134,000 for married couples 3. 9.9% on income over 400,000 for individuals 5. 9.8% on income over 600,000 for individuals 8.10% on income over 800,000 for individuals 11. 10% on income over 1 million for individuals 13. 11% on income over 1 billion for individuals 16. 16.5% on income over 2 million for individuals 17. 17.25% on income over 2 billion for individuals 20. 19.1% on income over 3 million for individuals 22. 19.45% on income over 3 billion for individuals 23. 20.35% on income over 3.4 billion for individuals 26. 21.25% on income over 5.5B for persons 28. 21.4% on income over 7.5B for persons 32. 27.00% on income over 12B for persons 34. 27.05% on income over 15B for persons 36. 28.00% on income over 17B for persons 38. 30% on income over 25B for persons 42. 30.6% on income over 31B for persons 50. 50.8% on income over 65B for persons 52. 50.9% on income over 90B for persons 55. 57.
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