2017 Form 1, Line 29 Worksheet - Limited Income Credit for Residents; and Schedule NTS-L-NR/PY - Limited Income Credit for Nonresidents and Part-Year Residents

(Only If Single, Head of Household or Married Filing Jointly)

You must enter an amount in all fields; if not applicable, enter 0. Enter all losses as positive amounts. Please do not enter any commas ( , ) or dollar signs ( $ ). To advance line to line use the Tab key.
(Results accurate to within one dollar.)

This credit is an alternative tax calculation that can result in a significant tax reduction for people whose income is close to the No Tax Status threshold.

Residents: If you do not qualify for No Tax Status, but you are single and your Massachusetts AGI is between $8,000 and $14,000, or if you are filing as head of household and your Massachusetts AGI is between $14,400 and $25,200 plus $1,750 per dependent, or if you are married filing a joint return and your Massachusetts AGI is between $16,400 and $28,700 plus $1,750 per dependent, you may qualify for the Limited Income Credit.

Nonresidents and part-year residents: If you do not qualify for No Tax Status, you may qualify for the Limited Income Credit. If you are married and filing a joint return, multiply the number of dependents by $1,750 and add $28,700 to that amount. If head of household, multiply the number of dependents by $1,750 and add $25,200 to that amount.

Residents - enter amount from line 7 of Massachusetts AGI Worksheet: Nonresidents and part-year residents - enter amount from line 8 of Schedule NTS-L-NR/PY:
Enter your Filing Status from Form 1 or 1-NR/PY, line 1:
Single: Married filing joint return: Head of household:
Residents - enter the number of dependents from Form 1, line 2b: Nonresidents and part-year residents - enter the number of dependents from Form 1-NR/PY, line 4b:
Press Enter:
Result:

Residents - enter the amount of tax from Form 1, line 28: Nonresidents and Part-year residents - enter the amount of tax from Form 1-NR/PY, line 32: (Note: You must add back any Credit Recapture amount entered in Line 25 and/or Additional Tax on Installment Sales on Line 26 of Form 1;or Credit Recapture amount entered in Line 29 and/or Additional Tax on Installment Sales on Line 30 of Form 1-NR/PY):
Press Enter:
Worksheet Result: