Nov. 13, 2023

Massachusetts Tax Law Updates: Year-End Financial Strategies

Massachusetts Tax Law Updates: Year-End Financial Strategies

With the end of the year fast approaching, Chris Boyd and Jeff Perry discuss recent changes to the Massachusetts income tax laws, including the Senior Circuit Breaker, Child/Senior-Dependent tax credits, rental reduction write-offs, and property tax...

With the end of the year fast approaching, Chris Boyd and Jeff Perry discuss recent
changes to the Massachusetts income tax laws, including the Senior Circuit Breaker,
Child/Senior-Dependent tax credits, rental reduction write-offs, and property tax
reductions for volunteer services provided to a local government. Chris and Jeff suggest
to those who are able to maximize contributions to their retirement plans before the end
of the year. Jeff reminds listeners to make sure that quarterly tax payments are made on
time. Jeff brings up the subject of 179 deductions for business owners. Chris furthers the
conversation by discussing the value of Roth conversions and the options for charitable
giving.

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