Massachusetts Tax Collections Dip Below December Estimates - NBC10 Boston

Massachusetts Tax Collections Dip Below December Estimates

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    Massachusetts Tax Collections Dip Below December Estimates
    Bloomberg via Getty Images

    Massachusetts collected $2.56 billion in taxes in December.

    That's 14.6 percent less than what the state took in during the previous December, and 17.1 percent below estimates for the month.

    Revenue Commissioner Christopher Harding said most categories of revenue continue to perform as expected, while estimated payments from individual taxpayers are lagging.

    He said the payments aren't due until Jan. 15, but in past years, many taxpayers paid in December to take advantage of federal deductions for state taxes. The 2017 federal tax reform reduced this incentive by placing a $10,000 limit on the deduction for state and local taxes.

    Death Toll, Damages Climb From Typhoon Hagibis

    [NATL] Death Toll, Damages Climb From Typhoon Hagibis

    The death toll from Typhoon Hagibis climbed to 53 on Tuesday, days after it tore through Japan and left hundreds of thousands of homes wrecked, flooded or out of power. Hagibis caused more than 200 rivers to overflow when it hit the island nation on Saturday.

    (Published Tuesday, Oct. 15, 2019)

    So far this fiscal year, revenues total $13.3 billion. That's about 1 percent below estimates, but 3 percent more than at the same time during the last fiscal year.


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