Calculate your take home pay after federal & Massachusetts taxesUpdated for 2022 tax year on Aug 02 2022What was updated? 2022 tax rates for federal, state and local Show
Calculation not correct? Request new features? Paycheck calculators by stateALAKAZARCACOCTDEFLGAHIIDILINIAKSKYLAMEMDMAMIMNMSMOMTNENVNH NJNMNYNCNDOHOKORPARISCSDTNTXUTVTVAWAWV WIWYDC Massachusetts state income taxMassachusetts tax year starts from July 01 the year before to June 30 the current year. So the tax year 2022 will start from July 01 2021 to June 30 2022.
State payroll tax
Income tax bracketsRefer to Tax Foundation for more details.
Standard deductionThere is no state-level standard deductions. ExemptionsThere is state-level exemptions for all type of filers and dependents. Refer to Tax Foundation for more details.
FAQsWhat taxes do Massachusettsan pay?The state-level payroll tax is 0.75% of taxable wage up to $137,700 and the income tax is a flat rate of 5%. How much do you make after taxes in Massachusetts? A single filer will take home $57,840 on a $78,000 annual wage. Updated: May 25, 2022 Whether you cook up the best clam chowder in the Cape or build sturdy fireplaces for your customers to cozy up against on a cold winter’s day, you know all the ins and outs of your small business. But most of all, as a Massachusetts small business owner, you know, come payday, you want your employees to be chanting, “We love working for you!” as opposed to “No taxation without representation!” Or something like that. Maybe we’re thinking of something else, but our point remains the same: one of the most important things to know as a small business owner is paying your employees correctly for the hard work they’ve done. Luckily, we are here to help. All you have to do is grab their W-4 and their wage information. Our calculator will do the rest of the work for you. See Massachusetts tax rates Federal Payroll TaxesLet’s go over federal payroll taxes first, shall we? Our handy payroll calculator will help you figure out the federal payroll tax withholding for both your employees and your business. We’ve organized federal income taxes into a 6-step overview. If you would like to see a more detailed explanation, we invite you to check out our step-by-step guide here.
Massachusetts State Payroll TaxesIncome taxes in Massachusetts run at a flat rate of 5% for the 2022 tax year, which means that regardless of whether your employee makes a hundred dollars or a hundred thousand, the tax rate remains the same. Massachusetts State Unemployment Insurance (SUI)On the first $15,000 each employee earns, Massachusetts employers also pay unemployment insurance of between 0.94% and 14.37%. New employers pay 2.42%, and new construction employers pay 7.37% for 2022. Employers also have to pay a Work Force Training Contribution of 0.056%, and a Health Insurance Contribution of 5%. You, my friend, are the master of payroll taxes!You’ve done it! You’ve figured out all your payroll! Now you’re ready to cut some checks. Don’t forget to set aside the employer taxes your company is responsible for. Those FICA, FUTA, and SUI payments can add up if you don’t remit them quarterly. And remember, you want to get that FUTA tax credit of 5.4%, so you definitely should pay your SUI on time. Federal tax filings are due quarterly by filing Form 941. FUTA payments are due quarterly, but you just have to fill out Form 940 once a year. You can pay taxes on an ongoing basis via the EFTPS payment system. Employment tax due dates can be found here. More Helpful Massachusetts Payroll Tax Links:Withholding Taxes | Unemployment Insurance for New Employers | Unemployment Insurance Explained | File and Pay Online | Income Tax Withholding |