Form M-942 Rev 908 Instructions for Monthly Tax Return 2025

Show details

4.8 out of 5

52 votes

Form M-942 is a monthly tax return for employers in Massachusetts who withhold income taxes between $1,201 and $25,000 annually. It outlines filing deadlines, correction procedures for incorrect information, and penalties for late submissions. Employers must file the form electronically if no tax is due and are required to report new hires within 14 days. The document includes detailed line-by-line instructions for completing the form.

Here's how it works

01. Edit your state withhold online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send tax withhold via email, link, or fax. You can also download it, export it or print it out.

The best way to change Form M-942 Rev 908 Instructions for Monthly Tax Return online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your paperwork requires only some simple clicks. Follow these fast steps to change the PDF Form M-942 Rev 908 Instructions for Monthly Tax Return online free of charge:

Sign up and log in to your account. Log in to the editor with your credentials or click Create free account to evaluate the tool’s capabilities.
Add the Form M-942 Rev 908 Instructions for Monthly Tax Return for editing. Click the New Document option above, then drag and drop the document to the upload area, import it from the cloud, or via a link.
Modify your file. Make any changes needed: insert text and images to your Form M-942 Rev 908 Instructions for Monthly Tax Return, highlight details that matter, erase sections of content and substitute them with new ones, and insert symbols, checkmarks, and fields for filling out.
Finish redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is very user-friendly and effective. Give it a try now!

See more Form M-942 Rev 908 Instructions for Monthly Tax Return versions

We've got more versions of the Form M-942 Rev 908 Instructions for Monthly Tax Return form. Select the right Form M-942 Rev 908 Instructions for Monthly Tax Return version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2008	4.8 Satisfied (52 Votes)
2000	4.9 Satisfied (354 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What percentage of state tax should be withheld?

State income tax (SIT) withholding StateWithholding rate Alaska No income tax Arizona No supplemental rate Arkansas 3.9% California 6.610.23%47 more rows

How much should I withhold for Massachusetts taxes?

The Massachusetts Department of Revenue announced withholding tables for the fiscal year beginning January 1, 2024. The new withholding method includes a surtax on earnings of $1,053,750 or more. While income under $1,053,750 is taxed at 5%, annual income above $1,053,750 will be taxed at 9%.

What withholding percentage should I choose?

Generally, you want about 90% of your estimated income taxes withheld and sent to the government.12 This ensures that you never fall behind on income taxes (something that can result in heavy penalties) and that you are not overtaxed throughout the year.

What is form 942 used for?

Form 942 is a tax form used by employers who hire household employees, such as nannies, housekeepers, or caregivers. Its used to report and pay federal income tax, Social Security, and Medicare taxes for household employees. It is used to report any withheld income tax on wages paid to household employees.

What is form M 942?

Form M-941, Employers Quarterly Return of Income Taxes Withheld, has been updated. ( 20908) Form M-942, Employers Monthly Return of Income Taxes Withheld, has been updated. ( 20904)

What percentage of your paycheck should be withheld for taxes?

2024 Income Tax Brackets (due April 2025) Head of Household Taxable IncomeRate $0 - $16,550 10% $16,550 - $63,100 12% $63,100 - $100,500 22%4 more rows

What percent is taken out of a paycheck for taxes in Massachusetts?

For tax year 2024, Massachusetts has a 5.0% tax on both earned (salaries, wages, tips, commissions) and unearned (interest, dividends, and capital gains) income. Certain capital gains are taxed at 8.5%.

What is the form m3 reconciliation of Massachusetts income taxes withheld for employers?

The Massachusetts Form M-3 allows employers to reconcile income taxes withheld from employee wages. This form must be filed with Forms W-2 by January 31st each year. Ensure that all required information is accurately reported to avoid penalties.

Form M-942 Rev 908 Instructions for Monthly Tax Return 2025

Here's how it works

The best way to change Form M-942 Rev 908 Instructions for Monthly Tax Return online