What was the point of Massachusetts' new tax break for renters?
What was the point of Massachusetts' new tax break for renters?
Thanks to an increased deduction included in last year's tax cut package, Massachusetts renters can claim an extra $50 on their tax returns in 2024 and beyond. But some experts and activists say the benefit doesn't do much to help struggling renters.
$50. Yikes.
Yeah that was absolutely inconsequential to most people to be honest.
Grandstanding, that was the point.
The tax credit is based on like 1980s rents. $4000 is less than two months rent at today's rates. Everyone I know is paying well over $1000 unless they are living with more more than person per bedroom.
it's just a banana, Michael. what could it cost, like $10?
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