![]() ![]() Note that tax due is different from taxes withheld. The credit is available only on income reported and taxed on a Massachusetts return. ![]() You're allowed a credit for taxes due to any other jurisdiction. Income tax paid to another state or jurisdiction View maximum EITC credit allowed and more information on the EITC here. Enter the new result in Form 1-NR/PY, Line 47.Multiply Line 47c by Form 1-NR/PY, Line 3.return by 0.4 and enter the amount in Line 47c Enter the amount reported on your federal return, in the box next to 47b.Enter the number of qualifying children you have, if any, in the box on Form 1-NR/PY, Line 47a.You and/or your spouse had investment income that exceeds the limit for the taxable year.See Form 1 instructions, line 43 for more information on how to file under this exception) or. Your status is married filing separately (however, if you are a victim of domestic abuse living apart from your spouses and unable to file a joint return, you may still be eligible.You were a nonresident for the entire taxable year.You did not file a Massachusetts return for the tax year.You're not a dependent of another taxpayer during the tax year.You or your spouse had attained age 25 but had not attained age 65 before the close of the taxable year.You lived in the United States for more than one-half of the taxable year.Did not have a qualifying child during the taxable year and you meet the following criteria:.Had a qualifying child for the taxable year, or.You may be eligible for the credit if you: You're entitled to the EITC if you have Massachusetts source earned income and file a tax return, even if you don't owe any tax or aren't required to file.įor part-year residents, the amount of the Massachusetts EITC is limited to 40% of the federal EITC multiplied by a fraction, the numerator of which is the number of days in the taxable year the person resided and the denominator of which is the total number of days in the taxable year. The Earned Income Tax Credit (EITC), or Earned Income Credit (EIC), benefits working families with low to moderate incomes. See business-related credits you may be able to claim on your personal income tax return. Prepaid tuition or college savings program deductionĪs a part-year resident, you may also qualify for certain personal income tax credits, which can reduce the amount of tax you owe.Deductible amount of qualified contributory pension income from another state or political subdivision.Undergraduate student loan interest deduction.Certain business expenses from US Form 1040.Certain qualified deductions from US Form 1040.Self-employed health insurance deduction.Income received by a firefighter or police officer incapacitated in the line of duty, per MGL ch 41, § 111F.Amounts excludible under MGL ch 41, § 111F or US tax treaty included in Form 1, line 3 or Form 1-NR/PY, line 5. ![]() Part-year residents may be allowed the following deductions on Schedule Y: ![]() or Massachusetts retirement, certain dependent care expenses, and the rental deduction, there is also a list of deductions that part-year residents are allowed to take on Form 1 NR/PY Schedule Y, more fully explained in the instructions. In addition to deductions that you will find on the Form 1-NR/PY itself, such as those allowed for FICA, Medicare, RR, U.S. The deduction is multiplied by a fraction, the numerator of which is the number of days in the taxable year the person resided in the Commonwealth and the denominator of which is the total number of days in the taxable year. Part-year residents can only take deductions in proportion to the number of days they were a Massachusetts resident. ![]()
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