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December 30, 2024 Clear | 45°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXI LABOR AND INDUSTRIES
  4. Chapter 151A UNEMPLOYMENT INSURANCE
  5. Section 21 Deductions from income returnable for taxation

Section 21

Section 21: Deductions from income returnable for taxation

Section 21. Contributions made by employers in accordance with this chapter shall be considered ordinary and necessary expenses of the business of the employer, and deductible from gross income from professions, employments, trades or businesses returnable for taxation under chapter sixty-two, or from corporate income returnable for taxation under chapter sixty-three.