If you’re self-employed in the state of Massachusetts, you’re probably in the habit of paying quarterly state income taxes. This year, the MA income tax rate for 2019 has been reduced to 5.05% down from 5.10%. A small savings but one to take note when budgeting and completing your quarterly Form 1-ES for Mass DOR this calendar year.

The good news is if this tax trend continues, the rate is expected to drop to 5% by the tax year 2020.

See the following link for more info:

https://www.mass.gov/news/income-tax-rate-to-drop-to-505-on-jan-1