You can now designate projects in Wrapbook as Massachusetts Tax Credit projects, making loan-out payments eligible for tax credits.

When creating a project in Massachusetts, you’ll see a prompt asking if it’s a Massachusetts Tax Credit project. 

Selecting “Yes” will enable Wrapbook to automatically collect Massachusetts Withholding IDs and withhold the appropriate state income taxes for loan-outs.

Questions? We’re here to help. Reach out to support@wrapbook.com.