In response to the COVID-19 pandemic, a state of emergency was declared in Massachusetts and many businesses implemented work-from-home requirements for their employees. See additional information on the Department’s website.Įmployees Working Remotely due to COVID-19

It also announced an expansion of the Department’s two-dimensional bar code requirements for paper forms produced by tax preparation software programs effective for tax periods ending on or after December 31, 2021. The changes for partnerships and fiduciaries are effective for tax periods ending on or after December 31, 2021, and for payments made on or after January 1, 2022. TIR 21-9 announced the expansion of electronic filing and payment requirements for certain tax types.

The tax rate on short-term gains from the sale or exchange of capital assets and on long-term gains from the sale or exchange of collectibles (after a 50% deduction) is 12%.Įxpansion of Certain Electronic Filing and Payment Requirements Patriots' Day is celebrated in Massachusetts on April 18, 2022, which moves the deadline for Massachusetts taxpayers to file 2021 income tax returns to the next business day of April 19, 2022.Įffective for tax years beginning on or after January 1, 2020, the tax rate on most classes of taxable income is 5%. The Internal Revenue Service announced a due date of April 18 for filing federal income tax returns, the first business day following Emancipation Day, celebrated in Washington, D.C. However, for calendar year 2021, Taxpayers in Massachusetts will have until Apto file both their federal and state 2021 income tax returns. Massachusetts General Laws (“MGL”) ch 62C § 6 requires individuals to file their tax return (Form 1) on or before fifteenth day of the fourth month following the close of each taxable year.

The imposition of a new excise tax will