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cshoaie
New Member

How can I get the $200 exemption on Massachusetts bank interest on my MA state return?

 
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1 Reply
MayaD
Employee Tax Expert

How can I get the $200 exemption on Massachusetts bank interest on my MA state return?

After entering the 1099-INT continue to the following screen Do any of these uncommon situations apply? and check the box My state doesn't tax all of this interest 

 

Up to $100 ($200 on a joint return) of interest from savings deposits or savings accounts in Massachusetts banks is deductible from gross income. 

mass.gov

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