Origin: Corporations are permitted to deduct charitable contributions for purposes of determining the net income measure of the corporate excise. Beginning with 2023 tax years, individuals will be permitted to deduct contributions to § 501(c)(3) organizations for personal income tax purposes.
Origin: M.G.L. c. 62, § 3(B)(a)(13); IRC § 170
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Deductions from Adjusted Gross Income
1.415
Charitable Contributions and Gifts
Corporations are permitted to deduct charitable contributions for purposes of determining the net income measure of the corporate excise. Beginning with 2023 tax years, individuals will be permitted to deduct contributions to § 501(c)(3) organizations for personal income tax purposes.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section3" target="_blank">M.G.L. c. 62, § 3(B)(a)(13)</a>; <a href="https://www.law.cornell.edu/uscode/text/26/170" target="_blank">IRC § 170</a>
Not Active
64.0
321.3
330.4
338.8
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