By Bob Katzen
The Massachusetts Department of Revenue (DOR) announced it will administer a tax amnesty program that will run from November 1 through December 30, 2024. The program was part of the fiscal 2025 budget approved by the Legislature and signed into law by Gov. Healey on July 29.
“I urge individuals and businesses to take this opportunity to voluntarily pay their back taxes and interest beginning November 1,” said Geoffrey Snyder, Commissioner of Revenue. “The program is a significant step to help taxpayers come into compliance, including non-filers.”
According to the DOR, the amnesty program will allow non-filers and taxpayers with outstanding tax liabilities to catch up on back taxes and save on penalties. The program aims to bring into compliance those taxpayers who have failed to file returns or have unpaid assessments. Taxpayers who meet certain criteria must request amnesty, file returns and pay outstanding tax and interest liabilities to have eligible penalties waived. Additionally, non-filers or individuals who failed to file required returns with DOR, may benefit from a three-year limited look-back period.
For more information and details, go to https://www.mass.gov/info-details/massachusetts-tax-amnesty-2024?auHash=oXAm2BQH-FSu52XemaRx5FJMF0xALmEvxLj1gGTBCWU