Massachusetts allows a tax deduction for IRA distributions up to the total amount of already-taxed contributions, to prevent double taxation.

Does Massachusetts tax RMD distributions?

MA DOR having not taxed any contributions to a Traditional IRA does not have an RMD, and does not assess tax on any of the contributions but does assess tax on earnings received within the IRA when those earnings are distributed.

Contributing to a traditional IRA is limited and not deductible for Massachusetts. The maximum yearly nondeductible amount you can contribute to a traditional IRA depends on your modified federal adjusted gross income (AGI).

How to contact the Massachusetts Department of revenue?

Phone Tax Department (617) 887-6367 (800) 392-6089 (toll-free in Massachusetts) Child Support Enforcement Division (800) 332-2733 (617) 660-1234 (For local callers in the Boston area) Division of Local Services (617) 626-2300 Contact Us MassTaxConnect Receive email updates

How to request a levy from the IRS?

To request the release of a levy due to a coronavirus hardship, please contact your revenue officer point of contact or fax 855-796-4524 following these instructions. An IRS levy permits the legal seizure of your property to satisfy a tax debt.

Who are the depositaries for the IRS levy?

The IRS is asking depositaries (banks, credit unions, savings and loans, and similar institutions) to review and understand the responsibilities associated with processing levies.

What happens when the IRS levies a bank?

If the IRS levies your bank, funds in the account are held and after 21 days sent to the IRS. Learn more about bank and similar levies here. What’s the Difference Between a Levy and Lien? A levy is different from a lien. Learn about the difference here. What Happens After My Property is Seized and How Do I Get It Back?