New Laws Kick In January 1stNew Laws Kick In January 1stThe state's income tax rate drops Jan. 1 from 5.1 percent to 5.05 percent. Associated PressAssociated Press
State Income Tax To Be Reduced SlightlyState Income Tax To Be Reduced SlightlyThe new year may bring a small tax cut for Massachusetts residents. The state revenue department is announcing the state's income tax will be automatically lowered from the current 5.25 percent to 5.2 percent on Jan. 1. ...Jim PhillipsJim Phillips