Massachusetts State Tax Deductions - 2012, 2013
2013 Massachusetts Income Tax Deductions
|Massachusetts Standard Deduction|
|Massachusetts Personal Exemption|
|Massachusetts Dependent Deduction|
Massachusetts income tax deductions are above-the-line expenses that can be deducted from your gross income before you calculate your taxable income.
Massachusetts does not support all of the deductions that are allowed on your Federal income tax return, so be sure to double-check any deductions or tax credits you want to claim on your Massachusetts return. Some states specifically eliminate deductions to reduce the complexity of their tax system. For more information about the Massachusetts income tax, see the main Massachusetts income tax page.
Massachusetts Standard Deduction
Unlike many other states, Massachusetts has no standard deduction. Certain itemized deductions (including property tax, qualified charitable contributions, etc) may be allowed depending on the income level and filing type of the taxpayer. Keep in mind that not all deductions allowed on your federal income tax return are necessarily going to be allowed on your Massachusetts income tax return.
Massachusetts Personal Exemption
Massachusetts' personal income tax exemptions include a personal exemption of $4,400.00 for single individuals and $4,400.00 for couples filing jointly.
You can deduct one single exemption from your gross income if you are responsible for supporting yourself financially. You may not, however, claim a personal exemption if someone else has declared you as a dependent on their tax return.
Massachusetts Dependent Deduction
Massachusetts has a dependent exemption of $1,000.00. You may claim one dependent examption for each of the children, relatives, or others who live with and are supported by you as described § 152 of the IRC (Internal Revenue Code). Children claimed as dependants must be age 18 or younger, or a student age 23 or younger § 152(c)(3).
Massachusetts Itemized Deductions
Massachusetts does not allow deductions to be itemized by any taxpayer. While you cannot use any of your Federal itemizations in Massachusetts, there may be state-specific credits or deductions that parallel some of your deferal itemized deductions.
|Massachusetts Income Tax Deductions Table|
- Before information on the 2013 Massachusetts income tax deductions are released, provisional 2013 deduction information is based on Massachusetts' 2012 tax deduction policy.
- The 2013 Massachusetts standard deductions, personal exemptions, and dependent deduction amounts are sourced from the Massachusetts Department of Revenue .
- Information on Massachusetts' itemized deduction policy is updated from the Massachusetts Department of Revenue and the Internal Revenue Service.