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 2021, the maximum deduction limit is $3,600 for an individual plan and $7,200 for a family plan. Filers age 55 or older may increase the maximum deduction by $1,000.
Origin: IRC §§ 62(a)(19) and 223
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2018
FY2019
FY2020
FY2021
FY2022
Personal Income Tax
Deductions from Adjusted Gross Income
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 2021, the maximum deduction limit is $3,600 for an individual plan and $7,200 for a family plan. Filers age 55 or older may increase the maximum deduction by $1,000.
<a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000062----000-.html" target="_blank">IRC §§ 62(a)(19)</a> and <a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000223----000-.html" target="_blank">223</a>
8.5
9.9
10.4
11.3
12.3
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