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‘Money back in pockets’: New tax bill takes effect in Massachusetts in 2024

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‘Money back in pockets’: New tax bill takes effect in Massachusetts in 2024


BOSTON — The calendar officially flipped to 2024 at midnight on Monday and that meant a new tax law would take effect in Massachusetts.

In October, Gov. Maura Healey signed a new bill into law that will bring hundreds of millions of dollars in relief to taxpayers.

The entire tax relief package carries a financial impact of about $561 million this fiscal year and more than $1 billion annually starting in fiscal year 2027, according to state officials.

Since taking office, Healey has been pushing for tax reform, repeatedly stressing the need to make the cost of living more affordable to families.

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“We are thrilled to deliver on our promise to pass tax cuts that will result in real savings for the people of Massachusetts, including the country’s largest child and family tax credit that will go back into the pockets of parents and caregivers,” Healey said after signing the bill. “Everywhere we go, we hear about how people are struggling to keep up with the rising cost of living. This tax package delivers savings for those who need it most while making long overdue changes that will better allow Massachusetts to compete with other states.”

The bill expands tax credits for parents and caregivers, reduces the estate tax, increases the earned income tax credit, and boosts breaks for renters, seniors, and low-income families, among other things.

“These tax cuts translate to real money back in the pockets of the people of Massachusetts every single year,” Lieutenant Governor Driscoll said. “Families, seniors, renters, businesses, and commuters will see hundreds of dollars in savings each year. Governor Healey and I look forward to spreading the word across the state that savings are here for the people of Massachusetts.”

The bill also requires payments made if Chapter 62F is triggered to be paid out equally amongst taxpayers and requires married taxpayers who file a joint return with the federal government to file a joint state return, subject to exemptions or adjustments promulgated by the Department of Revenue.

Here’s a full breakdown of the coming tax changes:

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Child and Dependent Tax Credit

  • Increases the tax credit for a dependent child, disabled adult, or senior from $180 to $310 in taxable year 2023, and then to $440 in taxable year 2024 and beyond, per dependent, while eliminating the child/dependent cap.
  • This expanded credit, which will benefit more than 565,000 families, will be the most generous universal child and dependent tax credit in the country.

Estate Tax

  • Reduces the estate tax for all taxpayers and eliminates the tax for all estates under $2 million by allowing a uniform credit of $99,600.

Earned Income Tax Credit

  • Increases the earned income tax credit from 30% to 40% of the federal credit.
  • This increase will provide crucial support to working individuals and families, benefitting nearly 400,000 taxpayers with incomes under $60,000.

Single Sales Factor

  • Moves from a sales tax apportionment system that factors in property, payroll, and sales to an apportionment that only considers sales, thereby removing a disincentive for Massachusetts companies to hire or grow in-state and making it more attractive for companies to move headquarters in Massachusetts.

Senior Circuit Breaker Tax Credit

  • Doubles the maximum senior circuit breaker credit from $1,200 to $2,400.
  • This increase will make it easier for approximately 100,000 seniors who struggle with high housing costs to stay in their homes.

Rental Deduction

  • Increases the cap on the rental deduction from $3,000 to $4,000.
  • This change will support approximately 800,000 renters across the Commonwealth.

Short-Term Capital Gains

  • Reduces the tax rate on short-term capital gains from 12% to 8.5%.

Housing Development Incentive Program (HDIP)

  • Increases the statewide cap from $10M to $57M one-time, and then to $30M annually.
  • This increase will create an estimated 12,500 new homes in Gateway Cities, spurring over $4 billion of private investment in these communities.

Low-Income Housing Tax Credit

  • Raises the annual authorization from $40M to $60M.
  • This increased authorization cap provides enough funding to spur the creation of thousands of new units of affordable housing annually while also bolstering economic activity and ancillary market-rate housing.

Local Option Property Tax Exemption for Affordable Housing

  • Permits municipalities to adopt a local property tax exemption for affordable real estate that is rented by a person whose income is less than a certain income level set by the community.

Title V Cesspool or Septic System Tax Credit

  • Triples the maximum credit available from $6,000 to $18,000 and increases the amount claimable to $4,000 per year, easing the burden on homeowners facing the high cost of septic tank replacement or repair.

Additional Tax Changes

  • Lead Paint Abatement: Doubles the credit to $3,000 for full abatement and $1,000 for partial abatement, to support families with older homes.
  • Dairy Tax Credit: Increases the statewide cap from $6M to $8M, to provide more assistance for local farmers during downturns in milk prices.
  • Student Loan Repayment Exemption: Ensures that employer student loan payments are not treated as taxable compensation.
  • Commuter Transit Benefits: Makes public transit fares, as well as ferry and regional transit passes and bike commuter expenses, eligible for the commuter expense tax deduction.
  • Apprenticeship Tax Credit Reforms: Expands the occupations for which this workforce development credit is available.
  • Cider Tax: Raises the maximum amount of alcohol for these classes of drinks to 8½%, allowing more locally produced hard cider and still wines to be taxed at a lower rate.
  • Senior Property Tax Volunteer Program: Increases from $1,500 to $2,000 the maximum that municipalities may allow certain seniors to reduce their property tax by participating in the senior work-off program.

To read more about this bill, click here.

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Massachusetts man charged in N.H. and N.J. bank robberies caught in Capital Region

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Massachusetts man charged in N.H. and N.J. bank robberies caught in Capital Region


A Massachusetts man is facing federal charges after prosecutors say he robbed two banks in separate states and tried to evade investigators by switching license plates—before evidence gathered in New York’s Capital Region helped lead authorities to him.

Joseph Sawyer is accused of stealing thousands of dollars from St. Mary’s Bank in New Hampshire and a Chase Bank in New Jersey last month. In both robberies, prosecutors say Sawyer fled in a Honda Odyssey minivan.

Prosecutors say the minivan originally had Massachusetts license plates, but Sawyer swapped them out with stolen New Jersey plates in an attempt to cover his tracks.

After the second robbery, highway cameras in Albany County captured the minivan as it tried to flee the tri-state area, prosecutors said. The FBI later tracked the vehicle to a motel near Glens Falls, where Sawyer was staying.

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Prosecutors also say Sawyer’s own family helped identify him through surveillance photos, linking him to the robberies.



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Insider tips for navigating the Brimfield Antique Flea Market

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Insider tips for navigating the Brimfield Antique Flea Market


Editor’s Note: This is an excerpt from WBUR’s Saturday morning newsletter, The Weekender. If you like what you read and want it in your inbox, sign up here. 


Antique hunters from far and wide are about to descend on a little town in Massachusetts for the return of the Brimfield Antique Flea Market.

Brimfield — a western Massachusetts town of less than 4,000 — has hosted New England’s largest outdoor antiques market for more than 60 years. And the upcoming July 14-19 run marks the second of the market’s three yearly runs. The event boasts “thousands” of vendors and attracts more shoppers than organizers can even count, according to Lori Faxon, owner of the Brimfield Antiques Center.

“For those three weeks, we pretty much overtake the town,” Faxon told me.

Over the course of the six-day stretch, there will be more than 20 different antique shows set up on fields in the town for customers to peruse. “Different fields can have more than 400 dealers. Some will have fewer than that. It varies from show to show,” Faxon said. (Faxon is also the owner of two of those field shows: Dealer’s Choice, which is open one day only, and Midway Antiques, which is open for the length of Brimfield’s run.)

As the years have gone on, it’s not just antique housewares and furniture on display. Vintage clothing and jewelry have become hot commodities at the flea market among the younger crowd, Faxon added.

In other words, there are a lot of hidden treasures to discover. But the search can be daunting if you’re a first-time visitor. So I chatted with Faxon to get a few insider tips on navigating the expansive offerings at Brimfield and how to make the most out of your time:

Editor’s note: This conversation has been lightly edited for clarity. 

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Hanna Ali: Vendors are scattered, usually, over different fields. Where should a visitor start?

Lori Faxon: “When you come to town, it’s important to know where you’re parking because it’s like a mile-long strip.  There’s going to be parking signs everywhere you go. You can park at the [First Congregational Church] for $20. As you go in [to Brimfield] you might find other spots that are charging $10, $15. From Wednesday through Sunday, we offer $5 parking at the Dealer’s Choice. So if people’s budgets are tight, that’s always a good option for them. You might want to park your car more on the west end, because a lot of stuff’s going on on that end of town at the beginning of the week, and maybe on the east end later in the week.”

HA: Are there admission fees?

LF: “So some of the shows do charge admission, but generally they only charge admission either their first day or the first few hours they’re open. And there’s plenty of fields every day that are open that don’t charge at all. But if you want to be a part of that excitement of getting onto the field the moment it opens on a paid admission field, then you pay your $5 or $10 admission. It varies between fields. But if your budget’s tight, you don’t have to do that.”

HA:  Do you think it’s really worth it to come as early as possible? 

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LF: “ It depends on why you’re there. We run the Dealer’s Choice and that field, although we do have a retail crowd, it’s on opening day of Brimfield. And the reason it’s so popular is because sometimes those antique dealers will [come to] my show on Tuesday and they may do another show later in the week.

“Say, for example, you’re a camera dealer. And I am a furniture dealer, and I went in and I bought a house full of furniture, and in the back corner there was a box of old cameras. And the guy says, ‘Do you mind just getting rid of those?’ So I say, ‘All right, I’ll take those.’ So when I set up at the show, I’m basically a furniture dealer, but I’ll throw that box of cameras out for 25 bucks.  Well, unbeknownst to me, there’s a $2,000 camera in that box. Well, the first camera guy that spots it, he just made himself a cool about 2,000 bucks.  And that’s why they’re willing to pay that extra money to go in early — because they want to get to it before someone else does.”

HA: In that case, is it worth it for the average retail shopper to come early?

LF: “If you have specific things in mind and you’re able to come earlier, it’s the better thing to do because you’ll get a better selection. I don’t want to say it’s picked over, because some of the dealers bring out new merchandise throughout the week, but it dwindles as the week goes on and it’s to your advantage to come early. Also, it’s less crowded.”

HA: Are there any food vendors you’d suggest?

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LF:  ”There’s a ton of food to be had there. Every field has multiple offerings in the food department. We have a woman that’s from Worcester, her name’s Teri, she’s been on my field for years, and she sells the best grilled cheese sandwiches you’ve ever had in your life. They’re to die for. And people come to Brimfield just to eat her grilled cheese sandwich.

“But you know, once again, if the budget’s tight, they can pack a lunch, go back to their car, and enjoy a meal there. They can bring their own drinks and snacks or whatever. But if they have a few extra dollars, there are so many food options to choose from. It’s great.”

HA: Is there anything else people can or should bring?

LF: “Especially in the summer, I tell people to bring drinks, stay hydrated, because we do have issues, especially with the elderly, the heat gets to them a little bit.

“And to wear good walking shoes. These are actual fields, so you don’t want to be wearing your flip-flops. This is a good day to put on a good pair of sneakers, and sometimes there’s a little bit of mud if it’s rained the day before. And also — because I don’t know that there’s anywhere in town that sells sunscreen — bring your sunscreen with you.”

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HA:  If you’ve got a whole day versus a few hours, or you’re staying in the area for the whole week, what would you recommend doing? 

LF: “I would say it really doesn’t matter. Like, deep down, it’s wherever you end up, wherever you park your car, just you basically start hoofing it in one direction. When you reach the end, you turn around, you start in the other direction. If you have a few hours, then you’ll just see what you see. And if you’re there for the whole week, you’ll see more of it. You don’t want to rush it because there’s so much there to see — you could spend a whole day in one booth.”

P.S. — Before you hit the road for Brimfield, check out these tips from two Boston vintage store owners on what sorts of labels and quality markers to keep an eye out for as you search for secondhand treasure.



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3 hospitalized after vehicle crashes into Danvers business

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3 hospitalized after vehicle crashes into Danvers business


A vehicle crashed into a hair salon in Danvers, Massachusetts, leaving three people injured on Thursday.

Police said the crash happened shortly before 3:30 p.m. at Beijo Beauty on Newbury Street.

Three people inside the business suffered injuries that are believed to be non-life-threatening, police said. All three were taken by ambulance to local hospitals.

A fire official at the scene said the three patients’ injuries are considered minor. The building was evacuated after the crash.

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One customer told NBC10 Boston she stood with an injured person while someone called 911, adding that her own car had been damaged.

“I was done, I was just about to get up. If I had been in my car, I would have gotten really hurt,” she said. “My car got totaled.”

Police did not say whether the driver would face any charges.

The cause of the crash is under investigation.

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