1.009 -Exemption of Social Security Benefits

Item DescriptionFY2011 FY2012 FY2013 FY2014 FY2015
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:  $880.3
741.4 773.2 813.2 846.1 880.3

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.