Here you will find descriptions of major Massachusetts Personal Income (Chapter 62) and Corporate Excise (Chapter 63) tax law changes for tax year 2022.

Table of Contents

Tax Year 2022 Personal Income (Chapter 62) Changes

Filing Due Dates

Form 1 is due on or before April 18, 2023. April 15, 2023, when returns and payments would normally be due, is a Saturday, which extends the filing due date to the next business day. However, in Massachusetts, Monday, April 17, 2023, is Patriots' Day, a legal holiday in the Commonwealth. As a result, returns, payments made with returns, and estimated payments otherwise due on April 15, 2023, will be treated as timely if they are filed and/or paid on or before April 18, 2023.

2022 Personal Income Tax Rates

Effective for tax years beginning on or after January 1, 2020, the tax rate on most classes of taxable income is 5%. The tax rate on short-term gains from the sale or exchange of capital assets and on long-term gains from the sale or exchange of collectibles (after a 50% deduction) is 12%.

Expansion of Certain Electronic Filing and Payment Requirements

Technical Information Release TIR 21-9 announced the expansion of electronic filing and payment requirements for certain tax types. New requirements for partnerships and fiduciaries are effective for tax periods ending on or after December 31, 2021, and for payments made on or after January 1, 2022. TIR 21-9 also announced an expansion of the Department’s two-dimensional (“2D”) bar code...

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