Massachusetts Business Tax Credits

Here you will find an alphabetical listing of Massachusetts business tax credits which can affect your financial bottom line.

Updated: January 18, 2024

Table of Contents

A-D

  • Apprenticeship Tax Credit –  Your business may be eligible for this tax credit if you employ an apprentice and are part of the healthcare, tech, or manufacturing sectors in Massachusetts. For more information visit TIR 18-13.

E-H

I-L

  • Investment Tax Credit – Corporation may earn the credit for the purchase or lease of qualifying tangible property. You may be eligible if your business is a manufacturing, research and development, agricultural, or commercial fishing corporation.
  • Life Sciences Credits – Learn about the 5 tax credits and incentives available to certified life science companies. 
  • Low Income Housing Tax Credit (LIHTC) – May be available to individual taxpayers, partnerships, and corporations that invest in qualified low-income housing projects in Massachusetts.

M-Q

  • Medical Device Credit – Learn about a medical device credit that is equal to 100% of the user fees paid.

R-U

  • Research Credit – May be available for your corporation if you incurred research expenses. 

V-Z

  • Vanpool Credit – May be available for your corporation if you incurred expenses related to your vehicle.
     
  • Veteran's Hire Credit – If your business hires veterans, you may be eligible for a tax credit. For more information visit TIR 7-10.

Contact for Massachusetts Business Tax Credits

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