Massachusetts DOR Publishes Income Tax Circular on 2024 Withholding Tables, Wage Brackets, Percentage Methods

The Massachusetts Department of Revenue (DOR) Jan. 2 published Circular M, comprising the 5 percent withholding tables and the percentage method tables updated to include the 4 percent surtax, for individual income, corporate income, and trust income tax. The tables are effective Jan. 1. 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 questions. [Mass. Dep’t ...