Railroad retirement benefits are not taxed. (Massachusetts has not adopted Internal Revenue Code section 86, which taxes some of these benefits if a taxpayer's income is above a certain level.)
Comment: No adjustment is made for any prior payments taxpayers may have made to fund this system since employee payments to this system are taxes rather than contributions.
Origin: M.G.L. c. 62, § 2(a)(2)(H)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2017
FY2018
FY2019
FY2020
FY2021
Personal Income Tax
Exclusions from Gross Income
1.007
Exemption of Railroad Retirement Benefits
Railroad retirement benefits are not taxed. (Massachusetts has not adopted <a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000086----000-.html" target="_blank">Internal Revenue Code section 86</a>, which taxes some of these benefits if a taxpayer's income is above a certain level.)<BR><BR>Comment: No adjustment is made for any prior payments taxpayers may have made to fund this system since employee payments to this system are taxes rather than contributions.
M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section2" target="_blank">c. 62, § 2(a)(2)(H)</a>
4.5
4.7
5.0
5.2
5.4
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