A full year resident taxpayer paid $13,000 in tuition payments for tax year 2012; the taxpayer should first fill out the Massachusetts AGI Worksheet and then the College Tuition Deduction Worksheet. For this example, Line 7 of the AGI Worksheet is $45,000.
2012 Schedule Y, Line 11 Worksheet - College Tuition Deduction
Qualified tuition expenses include only those expenses designated as tuition or mandatory fees required for the enrollment or attendance of the taxpayer or any dependent of the taxpayer at an eligible educational institution. No deduction is allowed for any amount paid for room and board, books, supplies, equipment, personal living expenses, meals, lodging, travel or research, athletic fees, insurance expenses or other expenses unrelated to an individual's academic course of instruction. Complete the Massachusetts AGI Worksheet and the Schedule Y, line 11 worksheet to see if you may qualify for this deduction. See TIR 97-13 for more information.
|1. Enter total tuition payments paid by you, for yourself or a dependent, to a qualifying two or four-year college in 2012|
|2. Enter amount of scholarships, grants or financial aid received in 2012 for amounts shown in line 1|
|3. Subtract line 2 from line 1. If "0" or less, you do not qualify for this deduction|
|4. Residents, enter amount from line 7 of the Massachusetts AGI Worksheet; part-year residents and nonresidents, enter amount from line 10 of Schedule NTS-L-NR/PY, No Tax Status and Limited Income Credit|
|5. Multiply line 4 by .25|
|6. Residents, if line 3 is smaller than line 5, you are not eligible for this deduction. Enter "0." If line 3 is larger than line 5, subtract line 5 from line 3 and enter the result here and in line 11 on Schedule Y|
7. Part-year residents, multiply line 6 by Form 1-NR/PY, line 2. Enter the result here and in line 11 on Schedule Y. Nonresidents, multiply line 6 by Form 1-NR/PY, line 14g. Enter the result here and in line 11 on Schedule Y.