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.
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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