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Volume 1
- Budget Message
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Volume 2
- Budget Development
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- Local Aid - Section 3
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- Appendix A
- Glossary
1.410 -Exemption of Medical Expenses
Item | Description | FY2011 | FY2012 | FY2013 |
---|---|---|---|---|
1.410 | Exemption of Medical Expenses
Medical and dental expenses in excess of 7.5% of federal adjusted gross income are deductible against "earned" income for taxpayers who itemize deductions on their federal returns. Origin: IRC S. 213 and M.G.L. c. 62, S. 3B(b)(4) Estimate: $77.9 |
72.3 | 74.9 | 77.9 |
Key:
ORIGIN | |
IRC | Federal Internal Revenue Code (26 U.S.C.) |
---|---|
U.S.C | United States Code |
M.G.L. | Massachusetts General Laws |
Rev. Rul.; C.B. | Revenue Ruling; Cumulative Bulletin of the U.S. Treasury |
ESTIMATES | All estimates are in $ millions. |
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