Our hourly paycheck calculator software is engineer tested for accuracy each time you use it. It also uses a constantly updated tax engine/database to ensure proper tax withholding and make the calculator even easier to use. All in all, you can count on our paycheck calculators to eliminate the stress and lost time that used to accompany your payroll process.
Here are three of the most frequently-asked-questions about our hourly paycheck calculator and Massachusetts income taxes:
- Do Massachusetts residents pay a state income tax on their personal earnings?
Massachusetts imposes a 5% flat income tax rate for all personal earnings.
- What is the minimum wage rate in Massachusetts?
Massachusetts has a minimum wage rate of $12.75/hr. This represents one of the highest rates in the entire country.
- How does Massachusetts tax capital gains?
The state of Massachusetts taxes capital gains just as they tax regular income: at a flat rate of 5%.