Overview of Massachusetts Taxes
Massachusetts State Payroll Taxes are flat at 5% for any income bar. This tax rate remains the same for earned and unearned income. For instance, this is the tax rate applicable on wages, salaries, commissions, interests, dividends, etc.
This state does not have a local income tax.
Your marital status, tax filing status, and contribution to savings like retirement plans, flexible savings accounts, etc affect tax deductions from your paycheck.
Employees must file a new W-4 Form whenever they join a new job or any noteworthy change happens in their life.
Each paycheck will be deducted with 1.45% for Medicare taxes and 6.2% for Social Security taxes which together form FICA tax withholdings. The same amount is contributed by the employer towards annual income tax.
Any employee making more than $200,000 would be paying a 0.9% Medicare surtax which isn’t matched by the employer.
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