Cormier & Rea announce additional office at 483 Summer St, Ste 2000, Arlington, MA
Massachusetts residents: Form 1099-HC 20) Forms W-2 for wages 19) Forms 1099-INT for bank interest 18) Forms 1099-DIV for dividends 17) Forms 1099-G for unemployment compensation 16) Forms 1099-G for state tax refunds 15) Forms 1098-E for student loan interest paid 14) Forms 1099-MISC for self employment income 13) Information regarding gambling winnings and losses …
Although most of the news from MA is about things we were able to deduct last year that we cannot deduct this year (see MA 2007 tax law changes posted earlier today), I wanted to remind you of some things that people tend to forget. Circuit Breaker Credit: This is a tax credit aimed at …
Educators’ Deduction For tax years beginning on or after January 1, 2006, the Educator’s Deduction has been repealed. Health Care Reform Act As a result of the recently enacted Massachusetts Health Care Reform Act, most Massachusetts residents age 18 and over are required to have health insurance, if it is affordable to them. Residents who …
2006 Income Threshold Amounts for Renters and Homeowners A Massachusetts taxpayer age 65 or older that owns or rents his or her principal residence is eligible for the circuit breaker credit if he or she meet certain requirements. For purposes of calculating the circuit breaker credit, total income, and maximum credit thresholds are adjusted annually …