Estate Tax Threshold Raised in Massachusetts
A major tax relief package signed by Governor Maura Healey on October 4 doubles the Massachusetts estate tax threshold to $2 million. The higher estate tax threshold is retroactive to January 1, [...]
Use a Good Estate Plan to Preserve Assets for Your Heirs
It’s still true: The only sure things in life are death and taxes. You can’t avoid the former, but you can minimize the latter. A good estate plan can preserve assets for [...]
Before You Place an Online Sports Bet, Consider the Income Tax Implications
It’s hard to avoid the onslaught of ads for mobile sports betting, which goes live today, March 10, in Massachusetts. This is the second phase of newly legalized sports betting in the [...]
Plan for Charitable Deductions on Your 2023 Massachusetts Income Tax Returns
Hair scrunchies, high waisted jeans, and cargo pants aren’t the only trends resurfacing this year. The Commonwealth of Massachusetts is reviving something special of its own—the charitable deduction for the 2023 tax [...]
The “Venmo Tax”: How to Make Money and Stay Out of Trouble with the IRS
Some say that as we age, we become our parents. Others say the pace of technology drives a wedge between generations. Both may be right. Take the question of how much cash [...]
