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Category: Massachusetts
40 Articles
Orange arrow Massachusetts Taxable IRA/Keogh and Roth IRA Distributions

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  Complete the Schedule X, Line 2 Worksheet to calculate the taxable portion of any amount you received from an Individual Retirement Account (IRA), Keogh, qualified charitable IRA distribution or Roth IRA conversion distribution. Since Massachusetts does not allow a deduction for amounts originally ...
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Orange arrow Massachusetts Fees and Other 5.05% Income

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  The following items should be reported on line 4 of Schedule X. Do not enter less than 0. Enclose additional statements if more space is needed. --All fee income, such as payments for jury duty, election worker payments, director’s fees, compensation received as executor or administrator of ...
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Orange arrow Who Is Eligible to Exclude Income Under MGL Ch. 41, Sec 111F or US Tax Treaty?

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  Massachusetts Amounts Excludible Under MGL Ch. 41, Sec 111F or US Tax Treaty Massachusetts allows an exclusion from income of amounts received by a firefighter or police officer incapacitated in the line of duty, per MGL Ch. 41, sec. 111F, and an exclusion from income of amounts received by qualif...
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Orange arrow What is the Massachusetts Qualified Contributory Pension Deduction?

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  Deductible Amount of Qualified Contributory Pension Income from Another State or Political Subdivision Included in Form 1, Line 4 Massachusetts allows a deduction for contributory pension income received from another state or one of its political subdivisions that does not tax such income from Ma...
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Orange arrow Massachusetts Income or Loss From Grantor-Type Trusts and Non-Massachusetts Estates and Trusts

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  Personal income taxpayers who have rental, royalty and REMIC income or loss and farm rental income and expenses; income or loss from partnerships and S corporations; and income or loss from grantortype trusts and non-Massachusetts estates or trusts are required to report income or loss from these s...
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Orange arrow Massachusetts Election Fund

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  Massachusetts State Election Campaign Fund provides limited public financing for campaigns of eligible candidates for statewide and elective office. A taxpayer, and spouse if filing jointly, may voluntarily contribute $1 each to this fund....
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Orange arrow Should I Use the Massachusetts Nonresident Apportionment Worksheet?

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  Who Cannot Apportion Income? If you know the actual amount of your Massachusetts source income, do not apportion. Report your income taxable in Massachusetts on your Massachusetts return. Examples of nonresidents who cannot apportion include: An employee whose actual Massachusetts income is sho...
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Orange arrow Massachusetts Nonresident Apportionment Methods

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  When nonresidents earn or derive income from sources both within Massachusetts and elsewhere, and no exact determination can be made of the amount of Massachusetts source income, an apportionment of income must be made to determine that amount considered Massachusetts gross income.Apportionment Met...
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Orange arrow Will I be penalized for not having insurance coverage by December 31 even though I have enrolled for it already?

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  I recently changed jobs and I am no longer covered by my old insurance policy. I enrolled for health insurance with my new employer, due to a 90 day waiting period I will not be covered until January. Will I be penalized for not having insurance coverage by December 31 even though I have enrolled f...
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Orange arrow Do I Owe Use Tax for Massachusetts?

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  Massachusetts Use Tax Due On Internet, Mail Order and Other Out-ofState Purchases Made in 2018 If you purchased taxable tangible personal property out of state, over the Internet or from a catalog and did not pay Massachusetts sales tax at purchase, a Massachusetts use tax is due. If an item is ex...
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Orange arrow Massachusetts Adoption Expenses

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  Adoption Agency Fee You're allowed an exemption for fees you paid to a licensed adoption agency to adopt a minor child. The exemption is for: The full amount of the fees paid during the taxable year, and Includes fees you paid in the taxable year to an adoption agency for the adoption process of...
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Orange arrow Massachusetts Noncustodial Parent

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  A noncustodial parent is defined as a person who has a minor child, but does not live with the child. Note: If you are the biological parent of a child, but your parental rights have been terminated, you are not the noncustodial parent of that child....
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Orange arrow What can someone who is not able to provide proof of insurance expect (MA)?

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  Penalty for Failure to Obtain Health Insurance Massachusetts requires most adults 18 and over with access to affordable health insurance to obtain it. In 2019, individuals must be enrolled in health insurance policies that meet minimum creditable coverage standards defined in regulations adopted b...
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Orange arrow What Are My Massachusetts Contribution Options?

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  You may contribute any amount you choose to the following funds. Remember, these amounts are added to your tax. They increase the amount of your payment or reduce the amount of your refund. Endangered Wildlife Conservation The Natural Heritage and Endangered Species Fund is ad-ministered by the D...
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Orange arrow Massachusetts Payment Options

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  Make your check or money order payable to the Commonwealth of Massachusetts and write your Social Security number on the front of your check or money order in the lower left corner. Complete Form PV, Massachusetts Income Tax Payment Voucher (this voucher is included with your forms). Failure to f...
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