For federal tax purposes, taxpayers can
immediately deduct startup costs that would
otherwise have to be capitalized over a period
of 15 years. Massachusetts conforms to the
federal deduction, resulting in a state tax
expenditure.
Origin: IRC § 195
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2020
FY2021
FY2022
FY2023
FY2024
Personal Income Tax
Accelerated Deductions from Gross Income
1.306
Election to Deduct and Amortize Business Start-up Costs
For federal tax purposes, taxpayers can<BR>immediately deduct startup costs that would<BR>otherwise have to be capitalized over a period<BR>of 15 years. Massachusetts conforms to the<BR>federal deduction, resulting in a state tax<BR>expenditure.
<a href="https://www.law.cornell.edu/uscode/text/26/195" target="_blank">IRC § 195</a>
0.7
0.8
0.8
0.9
0.9
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