Bill > S2045

This bill establishes a new tax deduction for college tuition expenses in Massachusetts that allows taxpayers to deduct 50% of tuition costs paid to public higher education institutions, with some specific conditions. The deduction applies to tuition paid for either the taxpayer or a dependent, and the deductible amount must be reduced by any scholarships, grants, or financial aid already received. Importantly, taxpayers cannot claim this new deduction if they have already claimed a different tuition-related tax deduction (specifically subparagraph (11)). The provision will be added to Chapter 62 of the Massachusetts General Laws, which covers state income taxation, and defines public institutions of higher education according to section 5 of chapter 15A. This tax deduction aims to provide financial relief to Massachusetts residents paying for public college tuition, potentially making higher education more affordable by offering a tax benefit that offsets a portion of educational expenses.

Budget and Finance

https://malegislature.gov/Bills/194/S2045