You may need the following: Copies of last year's federal and state tax returns. Personal information including. Records of your earnings (W-2 forms from each employer or 1099-MISC forms if you're a contractor) Records of interest and dividends from banks (1099 forms: 1099-INT, 1099-DIV, etc.)
Massachusetts Form 1 – Personal Income Tax Return for Residents.
This means that for the 2023 tax year, the credit is $310 for each individual for which a taxpayer can claim a credit. For the 2024 tax year and thereafter, the credit is $440 for each eligible individual for which a taxpayer can claim a credit.
Penalty rates in Massachusetts Up to double the tax amount determined to be due. Up to $25 per employee, contractor, or other recipient of periodic income or, if the result of a conspiracy between employer and recipient not to file the required report, $500 for each recipient.
Everyone whose Massachusetts gross income is $8,000 or more must file a Massachusetts personal income tax return on or by April 15th following the end of every tax year.
You may need the following: Copies of last year's federal and state tax returns. Personal information including. Records of your earnings (W-2 forms from each employer or 1099-MISC forms if you're a contractor) Records of interest and dividends from banks (1099 forms: 1099-INT, 1099-DIV, etc.)
Definition of a Dependant for Income Tax Purposes Children are most often thought of as dependants for tax purposes, but other relatives can also qualify as dependants. Generally, if the person lives with you and relies on you for financial and physical support, you may be able to claim them as a dependant.
If you don't have and are unable to obtain the child's Social Security number (SSN), you should request an adoption taxpayer identification number (ATIN) or individual taxpayer identification number (ITIN).
Yes, you may still claim the child and dependent care credit when you're missing the provider's Social Security number or other taxpayer identification number by demonstrating due diligence in attempting to secure this information.
The dependent's birth certificate, and if needed, the birth and marriage certificates of any individuals, including yourself, that prove the dependent is related to you. For an adopted dependent, send an adoption decree or proof the child was lawfully placed with you or someone related to you for legal adoption.