Rhode Island SDI for MA Residents NOW Qualifies as Schedule Z credit

Discussion in 'General Tax Discussion' started by lsullivan2002, Feb 12, 2012.

  1. lsullivan2002

    lsullivan2002

    Joined:
    Feb 12, 2012
    Messages:
    2
    There has been a change that greatly benefits Massachusetts residents who work in Rhode Island.

    According to Working Draft Directive 12-XX: G.L. c. 62, s. 6(a) Credit for Taxes Paid to Another Jurisdiction: Insurance Fund Payments Made Pursuant to Rhode Island Law, dated 1/25/12,

    Issue:
    Whether mandatory payments made by a Massachusetts taxpayer to Rhode Island under the Rhode Island Temporary Disability Insurance Act (the “Act”) should be afforded the credit against Massachusetts personal income tax as taxes paid to another jurisdiction under G.L. c. 62, § 6(a)?

    Directive:
    Yes. The credit allowed under G.L. c. 62, § 6(a) applies to any income tax imposed by and paid to another jurisdiction. The Act requires that all employees doing business in Rhode Island pay certain amounts, measured by their income, to the Fund. Therefore, provided the taxpayer is a Massachusetts resident, such payments are eligible for the credit.


    Working Draft Directive 12-XX: G.L. c. 62, s. 6(a) Credit for Taxes Paid to Another Jurisdiction: Insurance Fund Payments Made Pursuant to Rhode Isalnd Law - Massachusetts Department of Revenue - Mass.Gov
     
    lsullivan2002, Feb 12, 2012
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