"Massachusetts collected close to $7.4 billion in tax revenue in April 2026, surpassing the amount officials expected to collect by almost $1 billion, or 14%. This revenue surpassed the amount collected in April 2025 by $526 million, or 7.7 percent."
"With two months left in the fiscal year, the DOR has collected about $38 billion in revenue, which is about $1.5 billion or 4 percent above the year-to-date revenue projection officials had set."
"April is typically the month where the state collects the most revenue, which officials say is caused by the individual tax filing season peaking and the fact that the first income tax estimated payment installment for the current tax year is due in April."
"The only tax revenue category that fell below expectations in April was corporate and business tax collections, which were 4.4 percent below the benchmark set by officials."
In April 2026, Massachusetts collected approximately $7.4 billion in tax revenue, surpassing expectations by nearly $1 billion, or 14%. This amount exceeded April 2025 collections by $526 million, marking a 7.7% increase. The Department of Revenue reported that year-to-date revenue is about $38 billion, exceeding projections by $1.5 billion, or 4%. April typically sees the highest revenue due to tax filing season. Withholding tax collections exceeded projections by 7%, while corporate and business tax collections fell short by 4.4%. The DOR has consistently exceeded revenue benchmarks for the past four months.
Read at Boston.com
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