What is the individual income tax rate in Mason?
The tax rate is 1%. In 2006 and prior years, residents employed in another city that had an earnings tax received a maximum credit of up to 50% of the tax due on the portion of their earnings taxed by the city where employed. For tax year 2007, residents employed in another city that has an earnings tax received a maximum credit of up to 65% of the Mason tax due on the portion of their earnings taxed by the city where employed. The maximum credit will be 80% of the tax for 2008 and 90% of the tax for 2009. In tax year 2010 and beyond, the maximum tax credit will be 100%. Even if no tax is due, you will still be required to file a return.
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