With tax season quickly approaching, Massachusetts parents and students should look into tax credits that can help with the cost of higher education. They do this by reducing the amount of tax someone owes on their tax return. If the credit reduces tax to less than zero, the taxpayer may get a refund.
Little in military spouse life is more confusing than trying to figure out where, exactly, you're from. More than just a conversation starter, the answer can dictate a world of decisions, including where to register your car, where to vote in elections and, perhaps most importantly, where to file state taxes.
Many Massachusetts parents claim the child tax credit to help offset the cost of raising children. Tax reform legislation enacted last year made changes to that credit. Here are some important things for taxpayers to know about the changes to the credit.
Couples in the midst of a Massachusetts divorce often face difficult decisions regarding taxes. One of them is whether to file a tax return as "married filing jointly" or "married filing separately." This article briefly examines the factors to consider in making what could prove a critical choice during a divorce.