1.009 -Exemption of Social Security Benefits

Item	Description	FY2008	FY2009	FY2010
1.009	Exemption of Social Security Benefits Social Security benefits paid to people age 65 or older and their dependents, to persons under 65 who are survivors of deceased workers, and to disabled workers and their dependents are not taxed. Massachusetts has not adopted Internal Revenue Code section 86, which taxes a portion of these payments where a taxpayer's income is above a certain level. Origin: M.G.L. c. 62, S. 2 (a)(2)(H) Estimate: $700.7	651.4	651.4	700.7

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.