Tax free weekend ma 2023

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For the year 2023, the sales tax holiday will take place on Saturday, August 12 and Sunday, August 13. On these two days, Massachusetts residents who buy most retail items up to $2500 for personal use are exempt from paying sales tax.

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What is the sales tax in Boston 2023?

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Boston, Massachusetts's base combined 2023 sales tax rate is 6.25%. The combined sales taxes for the state, county, and city are shown here.

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What is the MA estate tax exemption for 2023?

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The exemption from the lifetime gift tax is adjusted to $12.92 million in 2023. The exemption will "sunset" and return to $5 million in 2026, with an inflation adjustment. Additionally, the $10 million lifetime exemption from the estate tax is inflation-indexed. The exemption from the estate tax for 2023 is also $12.92 million.

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What are the tax changes for 2023 in Massachusetts?

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H. 3770 lowers the income tax rate on short-term capital gains from the present rate of 10% to 8% for the 2023 tax year, and then again to 5% for the 2024 tax year, which is the rate for income and long-term capital gains.

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Tax free weekend ma 2023

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