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New Member
posted Jun 3, 2019 1:50:13 PM

What does Turbo Tax mean by "Total amount of 5.1% income ?

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1 Best answer
Expert Alumni
Jun 3, 2019 1:50:14 PM

You mean what does Massachusetts mean.  That is a term unique to MA.  The "5.1%" income is the income that can be taxed at 5.1%.  Capital gains in Massachusetts are taxed at a higher rate.

1 Replies
Expert Alumni
Jun 3, 2019 1:50:14 PM

You mean what does Massachusetts mean.  That is a term unique to MA.  The "5.1%" income is the income that can be taxed at 5.1%.  Capital gains in Massachusetts are taxed at a higher rate.