State TAx

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    State TAx

    Is a retired senior citizens with pension less than $25,000, and no other income required to file state tax.
    No  Mass tax was withheld from his pension.

     
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    Re: State TAx

    In Response to State TAx:
    [QUOTE]Is a retired senior citizens with pension less than $25,000, and no other income required to file state tax. No  Mass tax was withheld from his pension.
    Posted by POWERPPLAY[/QUOTE]

    Dear POWERPPLAY:

    From the wording of your question, I am assuming your filing status is "Single".  MA has a provision called "No Tax Status" for Singel filers with incomes of no more than $ 8,000.  If your income is between $ 8,000 and $ 14,000, there is a limited income credit against the assessed tax.  If your income is more than $ 14,000, you owe the computed tax.  The only other item to consider would be the Circuit Breaker Credit for older citizens.  The only considerations for pensioniers are that MA does not tax Social Security benefits nor does it tax state/municipal/disability pensions to which the pensioner made required contributions (you would need to check carefully to see if you qualify for this provision, but private company pensions do NOT qualify).

    Hope this helps in preparign your returns!

    MarK H. Misselbeck, C.P.A., M.S.T., Tax Principal
    Katz, Nannis + Solomon, P.C.
     

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