Income Tax Withholding Calculations (Circular M) 2024 Draft
Circular M, which guides employers on weekly income tax withholding calculations, has been updated in draft form for Tax Year 2023 filing. This draft includes guidance related to the 4% surtax.
HIRD Deadline This Friday
December 15 is the final day for employers to file their Health Insurance Responsibility Disclosure (HIRD) form. HIRD is for employers who must report on employer-sponsored insurance. Check out the HIRD FAQ page for more information before the deadline.
Check Out "What's Trending"
Become familiar with our ever-growing What’s Trending page, where we give you information and resources related to all the hot news and topics you’re talking about in the tax world. Currently, we have information on the 4% surtax FAQs and the 14-day short-term rental exemptions, to name a few.
E-file Is the Way to Go
With the tax season on the horizon, we want to remind everyone of the ease and expediency of choosing e-file for their personal income tax filing. Nearly 93% of Massachusetts taxpayers e-filed TY22 returns, resulting in faster refunds, elimination of calculation errors, and a saved trip to the post office. And many Massachusetts residents can e-file for free using MassTaxConnect. As always, we’ll begin to accept electronically filed income tax returns when the IRS opens in mid-to-late January.
Dates to Remember
Mark your calendar for these important December deadlines:
- Dec. 15: Extension deadline for corporate nonprofits filing Form M-990-T
- Dec. 15: Fourth quarter estimated corporate excise payments
- Dec. 15: HIRD filings due
- Dec. 31: Renewal deadline for Small Business Energy Exemption Certificates
For more December due dates, visit the Due Dates & Extensions page.
Prior DOR News issues
If you missed a prior issue, visit DOR News. Also check out DOR's Tax Professionals page.
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Contact for DOR News - December 2023
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