MA Revenue Dept

March Revenue Collections $4.355B, Up $164M vs 2025

Massachusetts Department of Revenue reported preliminary March 2026 revenue collections of $4.355 billion, representing a $164 million (3.9%) increase over March 2025 actual collections and $64 million (1.5%) above benchmark. FY2026 year-to-date collections totaled approximately $30.660 billion, up $980 million (3.3%) year-over-year and $653 million (2.2%) above the year-to-date benchmark. Income tax collections of $2.242 billion led gains, while corporate and business tax declined by $47 million (3.7%) relative to March 2025.

Massachusetts Tax Revenue Report, Mid-Month, April 2026

The Massachusetts Department of Revenue submitted its mid-month tax revenue report for April 2026, the tenth month of fiscal year 2026. Total tax collections reached $3.873 billion, representing a 7.1% increase of $256 million compared to the same period in April 2025. Income tax collections of $3.306 billion drove most of the growth, up $301 million or 10.0% year-over-year, while sales and use tax and corporate business tax both declined.