Massachusetts S2038 increases the commuter tax deduction to account for rising costs.

Massachusetts S2038 amends the state's tax code to increase the commuter tax deduction. It allows individuals to deduct 10 percent of their yearly commuter costs, up to an additional $500 per person. For heads of household, the deduction applies to costs exceeding $150, with a maximum deduction of $1500. For married couples filing jointly, the deduction applies to each individual's costs exceeding $150, with a maximum deduction of $1500 per individual. The commissioner of revenue will adopt necessary regulations for implementation.

Massachusetts S2038 increases the commuter tax deduction to account for rising costs.

Massachusetts S2038 amends the state's tax code to increase the commuter tax deduction. It allows individuals to deduct 10 percent of their yearly commuter costs, up to an additional $500 per person. For heads of household, the deduction applies to costs exceeding $150, with a maximum deduction of $1500. For married couples filing jointly, the deduction applies to each individual's costs exceeding $150, with a maximum deduction of $1500 per individual. The commissioner of revenue will adopt necessary regulations for implementation.