Press Release  February Revenue Collections Total $2.336 Billion

Boston, MA — Massachusetts Department of Revenue (DOR) Commissioner Geoffrey Snyder today announced that preliminary revenue collections for February totaled $2.336 billion, $208 million or 9.8% more than actual collections in February 2025, and $59 million or 2.6% above benchmark ^[1].

FY2026 year-to-date collections totaled approximately $26.305 billion, which is $817 million or 3.2% more than actual collections in the same period of FY2025, and $589 million or 2.3% above the year-to-date benchmark.

“February 2026 revenue included increases relative to February 2025 collections in withholding and non-withholding income tax,” said Commissioner Snyder. “These increases were partially offset by decreases in sales tax and corporate and business tax. The increase in withholding is due primarily to typical timing factors in tax collections. The increase in non-withholding income tax is driven mostly by a favorable decrease in refunds. The decrease in sales tax is due, in part, to typical timing factors in tax collections.” The decrease in corporate and business tax is due to decreases in estimated and return payments and an unfavorable increase in refunds.

February has historically been the lowest month for revenue, contributing less than 6% of annual collections. Neither individual nor business taxpayers are required to make estimated payments during the month. February is also the month in which income tax refunds reach substantial levels. 

Details:

• Income tax collections for February totaled $1.412 billion, $127 million or 9.9% above benchmark, and $285 million or 25.3% more than February2025.
• Withholding tax collections for February totaled $1.979 billion, $77 million or 4.0% above benchmark, and $274 million or 16.0% more than February 2025.
• Income tax estimated payments for February totaled $25 million, $1 million or 5.0% below monthly benchmark, and $2 million or 9.1% less than February 2025.
• Income tax returns and bills for February totaled $82 million, $1 million or 1.0% below benchmark, and $6 million or 7.0% less than February2025.
• Income tax cash refunds for February totaled $674 million in outflows, $52 million or 7.2% below benchmark, and $20 million or 2.8% less than February 2025.
• Sales and use tax collections for February totaled $649 million, $37 million or 5.4% below benchmark, and $33 million or 4.8% less than February 2025.
• Corporate and business tax collections for February totaled $23 million, $38 million or 62.8% below benchmark, and $41 million or 64.4% less than February 2025.
• “All other” tax collections for February totaled $252 million, $8 million or 3.4% above benchmark, but $3 million or 1.2% less than February2025.

February 2026 Tax Collections Summary (in $ millions) Preliminary as of March 4, 2026 (XLSX)

Footnotes

[1]

FY2026 monthly revenue benchmarks are posted on the DOR website.

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