Keyword Analysis & Research: massachusetts capital gain rate

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What are the tax brackets in Massachusetts?

The income tax rate in Massachusetts is 5.10%. That rate applies equally to all taxable income. Unlike with the federal income tax, there are no tax brackets in Massachusetts.

How does the 0% tax rate work on capital gains?

The 0% long-term capital gains tax rate has been around since 2008, and it lets you take a few steps to realize tax-free earnings on your investments. 1  Harvesting capital gains is the process of intentionally selling an investment in a year when any gain won't be taxed. This occurs in years when you're in the 0% capital gains tax bracket. 2 

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