What does Turbo Tax mean by "Total amount of 5.1% income ?
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1 Best answer
DanielV01
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
DanielV01
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.