Mass bank interest

KarenK72 · ‎March 27, 2025

Turbo state MA tax forms are not giving me my $200 exemption for MA bank interest. Based on another post, I have gone back and input that interest again and definitely checked the box that my state does not tax all of the interest, and then chose Massachusetts bank interest in the drop down. The forms are still coming out taxing the entire interest amount.

MayaD

This no longer applies. Effective January 1, 2024, the deduction previously allowed for a deduction of up to $100 ($200 for joint filers) of interest from Massachusetts banks is repealed.

mass.gov

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MayaD

This no longer applies. Effective January 1, 2024, the deduction previously allowed for a deduction of up to $100 ($200 for joint filers) of interest from Massachusetts banks is repealed.

mass.gov

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**Mark the post that answers your question by clicking on "Mark as Best Answer"