The Massachusetts Department of Revenue (DOR) Nov. 8 published a draft version of Circular M, comprised of 5 percent withholding tables, and percentage method tables updated to include 4 percent surtax, for individual income, corporate income, and trust income tax. The tables are effective Jan. 1, 2024. The publication includes information on: 1) how to use the weekly, biweekly, semi-monthly, monthly, and daily wage-bracket table methods of withholding; 2) the percentage methods for pension, annuity, other periodic payments, and non-periodic payments; 3) how to obtain forms and publications; and 4) the availability of the DOR’s Customer Service Bureau to answer ...
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