MA H3262

Part B taxable income tax rate set at 6.0% for tax years beginning on or after January 1, 2025

Personal exemption amounts established for tax year 2025: $6,600 for single filers, $10,200 for heads of household, and $13,200 for joint filers

Starting in 2026, personal exemptions automatically increase annually ($275 for single, $425 for head of household, $550 for joint filers) if inflation-adjusted baseline tax growth exceeds 2.5% and quarterly tax collections show positive growth

Commissioner of Revenue required to submit preliminary personal exemption statements by October 15 and final statements by December 15 each year to the secretary of administration and legislative committees