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vmlsc
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Turbo Tax says my Income is over $60,000 so I am not eligible for the Bay Curcuit Credit. My Total Income calculated by the software is $59,840. I should be eligible.

All the limits of age and house value are well within limits. Just realized that money limit for 2020 is $61,000 so mine is under it by $1,160. It would give me a $1150 credit!
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2 Replies

Turbo Tax says my Income is over $60,000 so I am not eligible for the Bay Curcuit Credit. My Total Income calculated by the software is $59,840. I should be eligible.

Per Massachusetts, for tax year 2020, your total Massachusetts income must not exceed $61,000 for a single individual who is not the head of a household.  It is defined as follows:

 

Massachusetts adjusted gross income; plus

Full amount of Social Security benefits received before Medicare premiums; plus
Pensions/annuities/IRA/Keogh distributions not taxed on your Massachusetts tax return; plus

Miscellaneous income, including cash public assistance

equals Massachusetts total income.

download (mass.gov)

 

vmlsc
New Member

Turbo Tax says my Income is over $60,000 so I am not eligible for the Bay Curcuit Credit. My Total Income calculated by the software is $59,840. I should be eligible.

Thank you for the quick reply.

I am not eligble for the MA Bay Circiut credit.

vmlsc

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