I received Paid Family Leave benefits in TY 2024 directly from MA Dept of Family and Medical Leave, and received a 1099-G showing the full amount of those benefits. I contributed to the MA Paid Family Leave plan that provided for these benefits through regular payroll deductions by my employer. The amount of these employee plan contributions is correctly listed on my employer W-2.
The instructions for Box 1 on 1099-G state "You only need to include in income the amount that is in excess of your contributions." Also, the instructions to Schedule 1, Line 7 of Form 1040, state "If you made contributions ... to a governmental paid family leave program and you aren't itemizing deductions, reduce the amount you report on line 7 by those contributions."
Am I able to reduce the amount of the PFML benefits includible in taxable income by the PFML plan contributions I made during the same tax year? If yes, what is the best way to do this in Turbo Tax?
