Massachusetts Governor Proposes $700 Million in Tax Relief

Massachusetts senior citizens, renters, and low-income taxpayers would be able to claim $700 million in tax benefits under Gov. Charlie Baker’s $48.5 billion fiscal year 2023 budget proposal.

Key features of Baker’s tax relief plan include doubling the dependent care credit, doubling the property tax credit for taxpayers age 65 and older, and exempting taxpayers on the lowest tier of the wage scale from the state’s 5% income tax. In a Wednesday letter to the legislature, Baker said his budget would “provide significant relief for housing and childcare costs, relieve the tax ...