How do I claim the Training Tax Credit?

In order to claim Massachusetts' Temporary Authorized Training Tax Credit for Emergency Assistance, an eligible business corporation, partnership, limited liability corporation, or other legal entity must:

• Have a place of business in the Commonwealth;
• Conduct an authorized training program in the Commonwealth that is in compliance with recommendations of the Executive Office of Labor and Workforce Development (EOLWD);
• Enroll the qualified trainee in an authorized training program on or after April 30, 2024; and
• Meet any additional requirements determined by the Executive Office for Administration and Finance and EOLWD.

The credit is equal to $2,500 for each qualified trainee that receives the training. The amount of the credit that exceeds the tax due for a taxable year may be carried forward to the subsequent taxable year.

For more information, see TIR 24-7.