Massachusetts Tax Collections Increase in August

Photo courtesy of Alexius Horatius

BOSTON (AP) – Massachusetts tax collections in August totaled $2.49 billion. That’s $529 million or 26.9% more than the actual tax collections in August 2020–but just $10 million or 0.4% more than predictions for the month.

Year-to-date collections for the 2022 fiscal year totaled approximately $4.745 billion, which is $639 million or 15.6% more than collections in the same period during the 2021 fiscal year, and $10 million or 0.2% more than year-to-date predictions.

August is typically one of the smaller months for revenue collections, because neither individual nor business taxpayers make significant estimated payments during the month.

By, The Associated Press

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Brendan, a recent graduate from the University of Massachusetts Amherst, is one of the newest members of the NewsCenter team. When not on the beat, you'll probably find him watching Boston sports.
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