Complete Massachusetts retirement tax guide: income tax rates, capital gains treatment, Social Security and pension taxation, property taxes, and sales tax. Overall retiree-friendliness rank: #42 of 51.
2 bracket(s)
Treated as capital income
#18 (Moderate)
State 6.25% + local avg 6.3%
Massachusetts taxes short-term capital gains at 12% and long-term at 5%. Social Security is exempt but pensions are taxed. The millionaire tax adds a 4% surcharge over $1M.
Not taxed
Taxable
None
| Rate | From | To |
|---|---|---|
| 5% | $0 | $1,000,000 |
| 9% | $1,000,000 | No limit |
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