Recent Changes to Massachusetts tax law

Recent Changes to Massachusetts tax law

On October 4 2023, Massachusetts Governor Maura Healy signed H. 4104 which enacted significant tax reform legislation for both businesses and individuals.  Some of the more notable changes are outlined below:   Effective for Tax year 2023 The income tax rate for...
Recent Changes to Massachusetts tax law

IRS Provides Relief for New RMD Changes

This past month, the IRS published Notice 2023-54 which provides transition relief for plan administrators, payors, plan participants, IRA owners, and beneficiaries in connection with the change in the required beginning date for required minimum distributions.  The...