BOSTON — U.S. Rep. Seth Moulton has released his latest federal tax returns and financial disclosures in response to claims from rival Sen. Ed Markey that he was trying to shield his finances from public view ahead of the Democratic primary.
Moulton provided reporters with a copy of his 1040 tax return for 2025 showing he and his wife, Liz, took home $956,286 in adjusted gross income — about $120,000 more than the previous year — and paid $274,366 in federal taxes. The Moulton’s gave $6,500 to charity, the IRS filings show.
The congressman also posted copies of a required financial disclosure to the House of Representatives, detailing his assets and investments.
Moulton, a Salem Democrat, also lashed out at Markey for what he called “baseless” attacks on him and his family after he had requested extensions to file his taxes and financial disclosures. His campaign posted a video of Liz Moulton personally responding to Markey’s attacks on their family.
“This is not the 1970’s, Sen. Markey. It’s 2026,” Liz Moulton, the chief talent officer at Elevate, an executive search firm, said in the video, where she criticizes Markey for suggesting that the family’s income is largely a result of her husband’s congressional work.
“As surprising as it may be to you, a woman can support her family all on her own,” she said. “The fact that you assume whatever we have earned is because of Seth rather than the career I have built brick by brick tells me that you’re the one who is out of touch.”
Markey’s campaign had called on Moulton to disclose his finances in the high-profile Senate race, criticizing the six-term congressman for requesting extensions to file his federal and state income tax returns, and a required annual financial disclosure to Congress.
The three-term senator, who is seeking another six years in office, released copies of his 2025 federal and state tax returns earlier this month, which showed he took home $250,000 in adjusted gross income in the previous tax year, including $145,000 from his Senate salary.
Moulton’s campaign dinged Markey for filing his federal tax returns separately from his wife and claimed he is trying to “hide more than half his family’s investments from public scrutiny.”
The campaign also criticized Markey for not releasing his wife’s tax returns, and pointed out he also requested an extension to file his taxes when he was running for reelection against then U.S. Rep. Joe Kennedy III in the 2020 Democratic primary.
“Senator Markey manufactured a controversy over a standard filing extension, conveniently hiding his own record from voters,” Moulton’s campaign said. “Unlike Senator Markey, the Moulton family is not hiding any of their wealth.”
The back-and-forth between Markey and Moulton over tax returns is the latest volley in an increasingly contentious primary race between the two Democratic heavyweights, which is dividing many party members.
The Democratic primary will be held Sept. 1. The winner will face Republican John Deaton, a cryptocurrency attorney and advocate, making his second run for U.S. Senate.
Christian M. Wade covers Massachusetts state government and politics for CNHI News and North of Boston Media Group’s newspapers and websites. Email him at cwade@cnhinews.com.