Tax Type

Tax Type Personal Income Tax

Although income from professions, trades or employment was taxed throughout the nineteenth century under the local property tax, it was not until 1916, under the authority of Article 44 of the Amendments to the Massachusetts Constitution, that the Massachusetts personal income tax was enacted as a separate tax. Because Article 44 requires that …Read more

Fiscal Year 2026 Personal Income Tax (in Millions)

Exclusions from Gross Income (1.000)

5,516.4

6,032.6

6,381.2

6,730.7

7,084.0

Deferrals of Gross Income (1.100)

2,152.2

2,283.0

2,778.4

2,906.2

3,343.1

Deductions from Gross Income (1.200)

16.8

17.1

17.3

17.6

17.9

Accelerated Deductions from Gross Income (1.300)

85.4

106.7

104.5

94.5

99.5

Deductions from Adjusted Gross Income (1.400)

789.2

878.6

1,205.1

1,240.1

1,281.6

Preferential Rate of Taxation (1.500)

11.2

3.8

1.1

0.3

0.1

Credits Against Tax (1.600)

527.3

524.3

847.7

1,065.4

1,222.9

Loading...

Download the data