Massachusetts adopts the federal exclusion for qualified educational expenses reimbursed to an employee under an employer-provided education assistance program in effect as of the 2005 Code Update. Massachusetts adopts the federal exclusion for qualified educational expenses for undergraduate and graduate education expenses up to the federal annual maximum of $5,250 per calendar year.
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2016
FY2017
FY2018
FY2019
FY2020
Personal Income Tax
Exclusions from Gross Income
1.033
Employer-Provided Educational Assistance
Massachusetts adopts the federal exclusion for qualified educational expenses reimbursed to an employee under an employer-provided education assistance program in effect as of the 2005 Code Update. Massachusetts adopts the federal exclusion for qualified educational expenses for undergraduate and graduate education expenses up to the federal annual maximum of $5,250 per calendar year.
IRC § <a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000127----000-.html" target="_blank">127</a> and <a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000132----000-.html" target="_blank">132</a>
11.5
10.7
12.3
12.1
12.1
Loading...