How much does a Personal Financial Advisors actually take home in Massachusetts?
5.0% flat rate — 26.5% effective total tax rateData: BLS OEWS 2024 + IRS/State Tax Brackets 2024 • Updated 2026-04-02
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Detailed line-by-line tax calculation for a Personal Financial Advisors earning $99,930 in Massachusetts (single filer, standard deduction).
| Tax Component | Annual Amount | Effective Rate |
|---|---|---|
| Gross Salary (Median) | $99,930 | — |
| Federal Income Tax | -$13,825 | 13.8% |
| Massachusetts State Income Tax | -$4,996 | 5.0% |
| Social Security (OASDI) | -$6,195 | 6.2% |
| Medicare | -$1,448 | 1.5% |
| Total Taxes | -$26,466 | 26.5% |
| Take-Home Pay | $73,463 | 73.5% |
Take-home pay varies significantly across experience levels. Here is the after-tax breakdown for each salary percentile of Personal Financial Advisors in Massachusetts.
| Percentile | Gross Salary | Total Taxes | Take-Home Pay | Tax Rate |
|---|---|---|---|---|
| 10th Percentile (P10) | $63,050 | -$13,687 | $49,362 | 21.7% |
| 25th Percentile (P25) | $77,830 | -$18,809 | $59,020 | 24.2% |
| Median (P50) | $99,930 | -$26,466 | $73,463 | 26.5% |
| 75th Percentile (P75) | $169,240 | -$51,525 | $117,714 | 30.4% |
After federal income tax ($13,825), state tax ($4,996), and FICA ($7,644), a Personal Financial Advisors in Massachusetts takes home $73,463 per year — or $6,121 per month. The effective tax rate of 26.5% is moderate compared to the national range.
Where does a Personal Financial Advisors keep the most of their paycheck? Top 10 states ranked by after-tax take-home pay.
Massachusetts ranks #16 out of 46 states for Personal Financial Advisors after-tax take-home pay.
A Personal Financial Advisors in Massachusetts earning a median salary of $99,930 will take home approximately $73,463 per year after federal income tax ($13,825), state income tax ($4,996), and FICA ($7,644). That is $6,121 per month or $2,825 per bi-weekly paycheck.
The effective total tax rate for a Personal Financial Advisors in Massachusetts is 26.5%, broken down as: federal income tax 13.8%, Massachusetts state tax 5.0%, and FICA (Social Security + Medicare) 7.7%. This assumes a single filer with the standard deduction for 2024.
Massachusetts has a 5.0% flat rate. On a Personal Financial Advisors's median salary of $99,930, the state income tax amounts to $4,996 per year, which is an effective state rate of 5.0%.
After all taxes, a Personal Financial Advisors in Massachusetts takes home approximately $6,121 per month, or about $35.32 per hour (based on a standard 2,080-hour work year). These figures assume a single filer, standard deduction, and no additional pre-tax deductions.
We start with the 2024 BLS median salary of $99,930 for Personal Financial Advisors in Massachusetts, then subtract: federal income tax using 2024 IRS brackets ($14,600 standard deduction), Massachusetts state income tax (5.0% flat rate), Social Security (6.2% up to $168,600), and Medicare (1.45%). The result — $73,463/yr — does not include local taxes, pre-tax deductions (401k, HSA), or tax credits.
This estimate assumes a single filer using the 2024 standard deduction ($14,600), with W-2 employment income only. It does not account for: itemized deductions, tax credits (e.g. earned income credit, child tax credit), local/city taxes, pre-tax contributions (401k, HSA, FSA), self-employment tax, or additional income sources. Actual take-home pay may differ. Consult a tax professional for personalized advice.
Our Methodology · Data Sources · Salary: BLS OEWS · Tax: IRS + State DOR