Bill > S1750

This bill aims to improve the accessibility and affordability of trade school education. The key provisions include: 1. Allowing taxpayers to deduct the amount by which their tuition payments to a private occupational school (as defined in state law) exceed 25% of their Massachusetts adjusted gross income, after accounting for any scholarships, grants, or financial aid received. 2. Expanding the existing tax deduction for interest paid on "education debt" to include loans obtained to pay for tuition and expenses at private occupational schools, in addition to two-year and four-year colleges. This ensures that taxpayers can claim the deduction for interest on loans used to finance trade school education. The bill is intended to make trade school education more accessible and affordable for Massachusetts residents by providing tax relief on the significant costs associated with attending these programs.

Budget and Finance

https://malegislature.gov/Bills/191/S1750