Massachusetts adopts the federal deduction allowed to self-employed individuals for premiums on health insurance. Insurance may be for the individual, spouse, or family member. The insurance must be established under the self-employed individual's business.
Origin: IRC § 162(I)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2019
FY2020
FY2021
FY2022
FY2023
Personal Income Tax
Deductions from Adjusted Gross Income
1.424
Self-Employed Health Insurance Deduction
Massachusetts adopts the federal deduction allowed to self-employed individuals for premiums on health insurance. Insurance may be for the individual, spouse, or family member. The insurance must be established under the self-employed individual's business.
<a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000162----000-.html" target="_blank">IRC § 162(I)</a>
46.8
47.9
49.2
50.8
52.4
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