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

firststar13 · ‎June 3, 2019

DanielV01 · ‎June 3, 2019

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.

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DanielV01 · ‎June 3, 2019

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.

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