Massachusetts Tax Changes - November 2024
November Tax Changes
Massachusetts Tax Updates
1. Fuel Tax Rates for Q1 2025
- Effective Dates: January 1, 2025 to March 31, 2025.
- Key Changes:
- Gasoline and Diesel: Remain unchanged at $0.24 per gallon.
- Liquified Gases/Propane: Decreases to 0.167∗∗pergallon(from∗∗0.167∗∗pergallon(from∗∗0.217 in Q4 2024).
- Aircraft (Jet) Fuel: Decreases to 0.121∗∗pergallon(from∗∗0.121∗∗pergallon(from∗∗0.140 in Q4 2024).
- Aviation Gasoline: Increases to 0.335∗∗pergallon(from∗∗0.335∗∗pergallon(from∗∗0.329 in Q4 2024).
2. 2024 Tax Amnesty Program
- Program Period: November 1, 2024 to December 30, 2024.
- Applies to: Corporate Income Tax, Estate & Gift Taxes, and General Administrative Provisions.
- Guidance Issued: Massachusetts Department of Revenue has released guidance covering:
- Amnesty period and payment due date.
- Eligibility requirements.
- Taxpayers and tax types covered.
- General criteria of the program.
- Benefits of participating.
- Program procedures.
- Exceptions and limitations.
This information highlights Massachusetts' efforts to adjust fuel tax rates and provide a tax amnesty program for eligible taxpayers.
Week Of 11.21.2024
Massachusetts Fuels & Minerals Taxes—Massachusetts first quarter 2025 fuel tax rates.
The Massachusetts Department of Revenue released the fuel excise tax rates for the first quarter of 2025. Effective January 1, 2025 through March 31, 2025, the rates will be as follows: gasoline and special fuels (diesel) remain unchanged at $0.24; liquified gases/propane decreases to $0.167 ($0.217 per gallon in Q4 2024); aircraft (jet) fuel decreases to $0.121 ($0.140 per gallon in Q4 2024), and aviation gasoline increases to $0.335 ($0.329 per gallon in Q4 2024). (Massachusetts Fuel Excise Rates First Quarter 2025, Mass. Dept. Rev., 11/13/2024.)
Week Of 11.04.2024
Massachusetts Corporate Income Tax—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts Estate & Gift Taxes—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts General Administrative Provisions—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts Personal Income Tax—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts Sales & Use Taxes—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Week Of 11.21.2024
Massachusetts Fuels & Minerals Taxes—Massachusetts first quarter 2025 fuel tax rates.
The Massachusetts Department of Revenue released the fuel excise tax rates for the first quarter of 2025. Effective January 1, 2025 through March 31, 2025, the rates will be as follows: gasoline and special fuels (diesel) remain unchanged at $0.24; liquified gases/propane decreases to $0.167 ($0.217 per gallon in Q4 2024); aircraft (jet) fuel decreases to $0.121 ($0.140 per gallon in Q4 2024), and aviation gasoline increases to $0.335 ($0.329 per gallon in Q4 2024). (Massachusetts Fuel Excise Rates First Quarter 2025, Mass. Dept. Rev., 11/13/2024.)
Week Of 11.04.2024
Massachusetts Corporate Income Tax—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts Estate & Gift Taxes—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts General Administrative Provisions—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts Personal Income Tax—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)
Massachusetts Sales & Use Taxes—Massachusetts issues guidance for 2024 tax amnesty program.
The Massachusetts Department of Revenue has issued guidance for the 2024 tax amnesty program open for eligible taxpayers from November 1, 2024, through December 30, 2024 (reported in State Tax Update, 09/23/2024). The release discusses the following: amnesty period and payment due date; eligibility requirements; taxpayers and tax types; general criteria of the amnesty program; benefits of the amnesty program; amnesty program procedures; and exceptions to and limitations of the amnesty program. (Massachusetts Technical Information Release No. 24-12, 11/01/2024.)