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Join us for our first Fall installment of the Government Affairs Forum featuring Boston Mayor Michelle Wu.
09/16/2026
9:45am - 11:00am
Boston Marriott Copley Place
Enjoy networking with fellow members and hear from Chamber Staff on how to best leverage your Membership to achieve your business goals.
09/08/2026
3:00pm - 4:30pm
Greater Boston Chamber of Commerce
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Hard to believe, but it’s already the end of January – and it’s time to start preparing your 2015 tax returns (on top of worrying when the next blockbuster snow storm may be?!)
The absolute deadline may still be three months away, but don’t wait. Due to two holidays, the initial filing deadline will be April 18, 2016, for Federal returns thanks to Emancipation Day, and April 19, 2016, for Massachusetts’ state returns due to Patriots’ Day.
Here are three must-know considerations as you get started:
1). The first day taxpayers are able to begin filing their returns is January 19, 2016, for both the IRS (Federal return) and MA Department of Revenue (state return). File your taxes as soon as you receive all of your tax documents. For those that are expecting a refund, filing earlier will ensure you get your money back sooner.
2). Those who do not have health insurance may be susceptible to additional taxes under the Affordable Care Act. The penalties have increased significantly from 2014 amounts. If you have health insurance, make sure you note this on your return.
3). For those filing in Massachusetts, make sure you don’t miss out on some benefits that may be available to you:
Fun fact: The tax rate on most Massachusetts income has also decreased effective January 1, 2015, from 5.2% to 5.15%.
Not too bad, huh?
Of course this is just skimming the surface of tax law. For additional information, don’t be afraid to reach out to tax professionals for help. Happy filing!
Robert Traester, CPA is an accountant at WithumSmith+Brown, one of the largest regional public accounting firms with an excellent reputation for innovation solutions and client service. He can be reached at [email protected].
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