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steven4309
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Are nontaxable inheritances and gifts considered "miscellaneous income", for circuit breaker credit purposes in Massachusetts?

 
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DS30
New Member

Are nontaxable inheritances and gifts considered "miscellaneous income", for circuit breaker credit purposes in Massachusetts?

No - Just like on your federal income tax return, both non-taxable inheritances and gifts to a beneficiary are not considered taxable income on your MA state income tax return or for the circuit breaker credit in MA.

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DS30
New Member

Are nontaxable inheritances and gifts considered "miscellaneous income", for circuit breaker credit purposes in Massachusetts?

No - Just like on your federal income tax return, both non-taxable inheritances and gifts to a beneficiary are not considered taxable income on your MA state income tax return or for the circuit breaker credit in MA.

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