Origin: Massachusetts allows taxpayers a deduction of up to $1,000 per individual or $2,000 per married couple filing jointly for contributions to an account in a pre-paid tuition program or college savings program.
Origin: M.G.L. c. 62, § 3.B(a) (19)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2023
FY2024
FY2025
FY2026
FY2027
Personal Income Tax
Deductions from Adjusted Gross Income
1.427
Prepaid Tuition or College Savings Plan Deduction2
Massachusetts allows taxpayers a deduction of up to $1,000 per individual or $2,000 per married couple filing jointly for contributions to an account in a pre-paid tuition program or college savings program.
<a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section3" target="_blank">M.G.L. c. 62, § 3.B(a) (19)</a>
3.3
3.6
3.8
4.1
4.3
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