Bill > S2075

This bill proposes to increase the income tax threshold for Massachusetts residents, effectively raising the amount of income an individual can earn before being required to pay state income taxes. Specifically, the bill modifies Chapter 62 of Massachusetts tax law by increasing the no-tax status threshold from $8,000 to $12,550 for single filers. For married couples filing jointly, the threshold would be raised to $25,100, and for heads of household, the threshold would increase to $18,800. These changes mean that individuals and families with incomes below these new levels would not owe state income tax, providing direct financial relief by allowing more residents to keep more of their earnings before becoming tax liable. The bill appears designed to help low and middle-income taxpayers by adjusting the income tax exemption levels, potentially reflecting changes in cost of living or aiming to provide economic support to residents.

Budget and Finance

https://malegislature.gov/Bills/194/S2075