Calculate your total income

For the tax credit's purposes, your total income is your Massachusetts adjusted gross income (Massachusetts AGI) increased or decreased by various amounts when originally calculating Massachusetts AGI, such as:

Income from social security

Retirement

Pension or annuities

Cash public assistance

Tax-exempt interest and dividends

Short-term and long-term capital losses

Certain capital gains

Income from a partnership or trust not otherwise included in your Massachusetts AGI

Gifts

Returns of capital reported on Schedule C

Gross receipts from any other source other than the tax credit itself

Include Massachusetts gross income when calculating total income. Generally, federal gross income excluded from Massachusetts gross income by specific law, such as interest from certain U.S. and MA obligations, is added back in the total income calculation.

Generally, do not add back anything excluded from federal gross income into the total income calculation if it's not defined as income and not included in Massachusetts gross income by specific law. Do not add back subsidies, insurance programs and similar reimbursement programs, etc. into the total income calculation.