The tax package is estimated to save taxpayers $561 million this fiscal year, and will eventually climb to just over $1 billion once it goes into full effect, according to legislative officials.

The bill, which will be voted on Wednesday, will provide $561.3 million in relief for the 2024 fiscal year and $1 billion by the 2027 fiscal year, according to a summary report.

BOSTON — "Tax cuts are here and everyone is going to benefit from them," Massachusetts Gov. Maura Healey said Wednesday after she signed into law the state's first tax cuts in two decades.

BOSTON — Tax cuts signed into law in October by Massachusetts Gov. Maura Healey, the state's first in two decades, will take effect in 2024. Under the $1 billion tax relief plan, Massachusetts ...

Healey backed the income surtax while making a promise to provide tax relief a centerpiece of her campaign, and she formally revived tax relief debate soon after taking office in January. Although ...

(TNS) — Tax relief is one step closer for Bay Staters buckling under the financial strain of soaring inflation, as the Massachusetts Senate on Thursday, July 22, approved $250 one-time rebates ...

Thousands of Massachusetts residents will catch a break in their annual state income taxes in the coming years thanks to a long-awaited tax relief package from state leaders. Why it matters ...

The Republican tax cut bill making its way through Congress could include a large tax break for many people in Massachusetts. ... the tentative deal as long-awaited relief from the 2017 tax bite.

Explore Massachusetts' 2025 state tax rates for income, sales, property, retirement, and more. Learn how Massachusetts compares nationwide.

Democrats: COVID-19 Relief Could Be This Generation's New Deal On top of the small business loans and money for health care included in previous bills, the latest round of relief includes longtime ...

Both experts hailed the tentative deal as long-awaited relief from the 2017 tax bite. "It will benefit homeowners, especially people who live in wealthier towns with higher property taxes, and ...