What’s in the $1 Billion Massachusetts Tax Relief Bill?

How much would you save under the new $1 billion Massachusetts tax relief bill? Here’s what’s included and who would benefit.

Massachusetts state house
(Image credit: Getty Images)

Lawmakers compromised on a widespread Massachusetts tax relief package, which includes tax breaks for residents of all income levels. What some call the largest tax relief package in history would cost the Commonwealth $1 billion when the legislation is fully phased in. 

The Massachusetts House voted overwhelmingly in favor of the bill, and the Massachusetts Senate approved the package last week. Massachusetts Gov. Maura Healey says the tax relief would make Massachusetts “more affordable.” 

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Katelyn Washington
Former Tax Writer

Katelyn has more than 6 years of experience working in tax and finance. While she specialized in tax content while working at Kiplinger from 2023 to 2024, Katelyn has also written for digital publications on topics including insurance, retirement, and financial planning and had financial advice commissioned by national print publications. She believes knowledge is the key to success and enjoys providing content that educates and informs.