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1.422 -Health Savings Accounts
| Item | Description | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 |
|---|---|---|---|---|---|---|
| 1.422 | Health Savings Accounts
Massachusetts adopted 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 2013, the maximum deduction limit is $3,250 for an individual plan and $6,450 for a family plan. Filers age 55 or older may increase the maximum deduction by $1,000. Origin: IRC S. 62(a)(19) and 223 Estimate: $8.1 |
4.7 | 6.2 | 5.7 | 6.8 | 8.1 |
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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