Gov. Deval Patrick has asked the Legislature to hike the state’s income tax from the current 5.25 percent to 6.25 percent, while also calling for a reduction in the state sales tax.
A majority of taxpayers are eligible to prepare and file the 2011 federal tax return online for free.
The House votes Wednesday on a constitutional amendment that would bar any new tax on personal income.
Barring a last-minute hitch, the tax rate will automatically be reduced from 5.3 percent to 5.25 on Jan. 1.
They haven’t picked an exact date yet, but Beacon Hill lawmakers are confident the sales tax holiday will happen again this year.
Before you file your income tax return this year, here is some important information you should know. On this edition of “Centro”, we’ll tell you about the Earned Income Tax Credit or EITC, a program […]