The percentage of Boston metro area-women who recently gave birth and remain in the workforce has been slowly shrinking since 2019 but remains well above the national average, per new census data. Why it matters: Motherhood often knocks women out of the labor force,...
Month: February 2024
Massachusetts Has Healthiest Children in United States
For the fifth consecutive year, a national report is highlighting key data that shows infants and toddlers face increasing challenges related to income inequality, housing, child care, physical health and mental health depending on where they live in the United...
6 Most Overlooked Itemized Tax Deductions for Massachusetts Residents
If you qualify for a few of the six itemized deductions below, you might consider going this route on your 2023 taxes. Out-of-pocket medical expenses You're allowed to deduct out-of-pocket medical expenses that exceed 7.5% of your adjusted gross income in 2023. For...
IRS Tip: Tax Information For Massachusetts Military Spouses
Many Massachusetts military spouses run businesses or do gig work, and whether it’s a side hustle or a major operation, the IRS has tax resources, tools and information to help them keep things running smoothly. Tax resources on IRS.gov • Small Business and...
Massachusetts Fathers – Your Involvement Is Key to Child’s Education
Listen up, Massachusetts dads — playing with your kids could help them do better in school. A study led by the University of Leeds found that children do better in school if their dads engage in activities with them like reading, drawing, singing and telling stories....
Are You Eligible For Special Immigrant Juvenile Classification in Massachusetts?
If you are in Massachusetts and need the protection of a juvenile court because you have been abused, abandoned or neglected by a parent, you may be eligible for Special Immigrant Juvenile (SIJ) classification. If SIJ classification is granted, you may qualify for...
Childcare Costs in Massachusetts Significantly Higher Than Other States
Childcare expenses in Massachusetts are increasingly swallowing up family budgets as pandemic-era federal relief comes to an end, a landmark new survey lays bare. Figures from the non-profit United Way of the National Capital Area (UWNCA), the cost of childcare for...
Tax Bill Savings For Massachusetts Families in 2024
The Massachusetts bill expands tax credits for parents and caregivers, reduces the estate tax, increases the earned income tax credit, and boosts breaks for renters, seniors, and low-income families, among other things. “These tax cuts translate to real money back in...
Is Your Massachusetts Divorce Separation Agreement Fair and Reasonable?
A Massachusetts Probate and Family Court judge will approve a parties’ agreement so long as it is “fair” and “reasonable”. However, many family law litigants ask, “What does Fair and Reasonable mean”? Does that mean fair to both parties? Does there need to be some...
Massachusetts Latest State to Propose Baby Bonds
The state of Massachusetts is considering launching a government program that would invest in every child at birth, according to the Boston Globe. Called “baby bonds,” the groundbreaking proposal would create a savings account for every eligible child. Upon reaching...