Employment Application En Español Withholding Allowance Certificate In Massachusetts
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Summary. The Massachusetts Department of Revenue announced withholding tables for the fiscal year beginning January 1, 2024. The new withholding method includes a surtax on earnings of $1,053,750 or more. While income under $1,053,750 is taxed at 5%, annual income above $1,053,750 will be taxed at 9%.
To submit Form M-3, send it along with Forms W-2 to the Massachusetts Department of Revenue. Use the mailing address: PO Box 7015, Boston, MA 02204.
Personal Exemption Filing statusExemption amount Single $4,400 Married filing separate $4,400 Head of household $6,800 Married filing joint $8,800
To claim exempt, you must submit a W-4 Form. Do not complete lines 5 and 6. Enter “Exempt” on line 7. Note: You must submit a new W-4 Form by February 15 each year to continue your exemption.
How to fill out the Massachusetts Employee Withholding Exemption Certificate? Print your full name and home address. Provide your Social Security number. Claim personal and dependent exemptions as applicable. Sign and date the form. Submit this form to your employer.
The state's allowances remain unchanged for tax year 2024 at $4,400 if claiming one exemption and $1,000 plus $3,400 if claiming a second exemption.
You should claim the total number of exemptions to which you are entitled to prevent excessive over-withholding, unless you have a significant amount of other income. If you expect to owe more income tax than will be withheld, you may either claim a smaller number of exemptions or have additional amounts withheld.
As an employer, you must withhold Massachusetts personal income taxes from all Massachusetts residents' wages for services performed either in or outside Massachusetts and from nonresidents' wages for services performed in Massachusetts.
