Origin: Due to Massachusetts' conformity with IRC § 62(a)(21), Massachusetts allows taxpayers to exclude from gross income attorney fees and court costs associated with whistleblower suits brought under the Securities Exchange Act of 1934, any state false claims act, or under the Commodity Exchange Act.
Origin: IRC § 62(a)(21)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Deductions from Adjusted Gross Income
1.431
Whistleblower Attorneys' Fees Deduction
Due to Massachusetts' conformity with IRC § 62(a)(21), Massachusetts allows taxpayers to exclude from gross income attorney fees and court costs associated with whistleblower suits brought under the Securities Exchange Act of 1934, any state false claims act, or under the Commodity Exchange Act.
<a href="https://www.law.cornell.edu/uscode/text/26/62" target="_blank">IRC § 62(a)(21)</a>
1.7
1.6
1.6
1.6
1.6
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