Interest that qualifies as Massachusetts bank interest may be exempt up to $100, or $200 for married taxpayers filing jointly.

Massachusetts bank interest includes total amount of interest received or credited to deposit accounts (term and time deposits, including certificates of deposit, savings accounts, savings shares, and NOW accounts.)

To edit the amount of interest being reported as Interest from Massachusetts Bank Deposits on your Massachusetts return:

1. From within your TaxAct return (Online or Desktop), click State, then click Massachusetts (on smaller devices, click in the top left corner of your screen, then click State, then click MA).
2. Click the Income Topics dropdown, then click Interest, Dividends, and Certain Capital Gains.
3. Continue with the interview process to enter your information.