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No. Massachusetts is one of only a handful of states that do not allow legally binding living wills. If you write a living will in Massachusetts, your doctors are not legally obligated to follow your wishes. However, a living will can help health care providers and the courts make decisions about your medical care.

62, § 2(c)(2)(a). A Part A short-term capital loss is a loss from the sale or exchange of a capital asset held for one year or less. 3. The excess, if any, of the Part A net capital loss for the year over the Part A capital gain for the year, but not more than $2,000, is applied against Part A interest and dividends.

Long-term capital gains from investments are taxed at 5 percent in Massachusetts, and short-term capital gains are taxed at 12 percent. A long-term capital gain is a profit from selling an asset you've owned for more than one year.

Introduction. For tax year 2022, Massachusetts has a 5.0% tax on both earned (salaries, wages, tips, commissions) and unearned (interest, dividends, and capital gains) income. Certain capital gains are taxed at 12%.

Massachusetts doesn't have a procedure called ?legal separation.? Separate support is a lawsuit to get support for yourself and your family. It can also keep your spouse from putting any limitations on your personal freedom. This is a separate process from divorce.

What Is the 4% Surtax? Starting with tax year 2023, personal income taxpayers must pay an additional 4% (4% surtax) on taxable income over $1,000,000, increased annually for inflation (surtax threshold). See M.G.L. c. 62, §§ 4(d) and 5A, as amended by §§ 28 and 29 of the FY24 Budget.