1.422 -Health Savings Accounts

Item DescriptionFY2013 FY2014 FY2015 FY2016 FY2017
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 2016, the maximum deduction limit is $3,350 for an individual plan and $6,750 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:  $8.9
6.2 5.7 6.7 8 8.9

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.