MA DOR News

 

Estate Tax Law Change FAQs Available

FAQs regarding recent law changes to the estate tax have been added to the website. The changes are related to decedents dying on or after January 1, 2023. Changes in the new law include providing a credit of up to $99,600, eliminating the tax on estates valued at $2 million or less, and reducing the tax on estates valued at more than $2 million.
 
Senior Circuit Breaker Tax Credit Max Doubles for TY23
New credit and threshold amounts are outlined in the newest TIR related to the Senior Circuit Breaker tax credit. For tax year 2023, the maximum credit amount is $2,590. Learn more about the updates by reviewing the TIR and the Senior Circuit Breaker FAQ page.
 
MeF Shutdown This Saturday
At the end of every tax season, the IRS shuts down the Modernized e-File (“MeF”) system for maintenance. This year, the shutdown begins on Saturday, November 18, 2023, to prepare the system for the upcoming filing season. During the shutdown, DOR will not receive any state or federal e-filed returns. Paper forms can be filed during this time until electronic filing reopens. Although the IRS has not announced a date for reopening MeF for personal income, it generally occurs in mid- to late January.
 
Time to Submit the Annual Certification of Entity Tax Status Application
The application for the Annual Certification of Entity Tax Status is available and open until the April 1, 2024 deadline. Each year, a list is compiled from the applications of corporations and businesses treated as corporations for review by Boards of Assessors throughout the state to determine specific property tax exemptions. You’ll find more details on the annual certification information page.
 
DOR is Hiring
We have some openings in our ranks here at DOR. As you may remember from earlier this fall, we are currently hiring Seasonal Tax Examiners to get us ready for the 2023 tax season. We also have two legal positions open for a new Tax Counsel and a Counsel II-Enforcement Attorney. Take a look at the job descriptions and share the opportunities with your network.