MA Income Tax Rate Lowered to 5.10%

New Tax Tables Available

The final threshold required to lower the income tax rate from 5.15% to 5.10% was recently met and the new rate will be effective as of January 1, 2016. All necessary changes have been made to the upcoming Tax Tables to reflect the decrease. As you may remember, there was a similar decrease in January, 2012, January, 2014 and January, 2015 when the thresholds were also met.