Massachusetts ‘Millionaires’ Tax Applies to Sudden Wealth Events
Darrow Wealth Management
NOVEMBER 17, 2022
Excluding any improvements they made to the home, realtor fees, etc., The surtax will increase the Massachusetts tax liability by $68,000 on the sale of their home. A tech employee at a startup has stock options. that could increase the tax due from the surtax. Financial decisions should be tax- conscious vs tax- driven.
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