Item | Description | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
---|---|---|---|---|---|---|
1.401 | Deduction for Employee Social Security and Railroad Retirement Payments
Taxes paid by employees to fund the Social Security and Railroad Retirement systems are deductible against "earned" income up to a maximum of $2,000 per individual. Comment: The estimate also covers item 1.402 below. Origin: M.G.L. c. 62, S. 3B(a)(3) Estimate: $296.7 |
286.1 | 297.7 | 298.3 | 297.5 | 296.7 |
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. |