Governor Deval Patrick's Budget Recommendation - House 1 Fiscal Year 2010

Governor's Budget Recommendation FY 2010

1.422 -Health Savings Accounts


Item DescriptionFY2008 FY2009 FY2010
1.422 Health Savings Accounts
Massachusetts adopts the federal deduction allowed to individuals for contributions to a Health Savings Account, subject to federal limitations, which are adjusted annually for inflation. For calendar year 2007, the maximum deduction limit is $2,850 for an individual plan and $5,650 for a family plan. The maximum additional deduction for individuals age 55 or older is $800.

Origin:  IRC secs. 62(a)(19) and 223
Estimate:  $4.0
2.2 3.1 4

Key:

ORIGIN  
IRCFederal 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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