Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
M
Marani
February 21, 2025
Question

Mass bank interest

  • February 21, 2025
  • 1 reply
  • 0 views

Should interest from TD Bank, be excluded from Massachusetts interest? It's on the federal return, but is being excluded from the Mass state return. I'm guessing all of it is taxable.

    1 reply

    M
    MayaD
    February 21, 2025

    After entering the 1099-INT continue to the following screen Do any of these uncommon situations apply? and check the box My state doesn't tax all of this interest 

     

    Up to $100 ($200 on a joint return) of interest from savings deposits or savings accounts in Massachusetts banks is deductible from gross income. 

    mass.gov

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    M
    MaraniAuthor
    February 25, 2025

    Yes. Thank you for your help. All set.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification