Origin: Due to Massachusetts' adoption of the trade or business expense deductions allowed under the Internal Revenue Code ("Code"), Massachusetts allows a deduction for health insurance expenses incurred by self-employed taxpayers.
Origin: IRC § 162(l), M.G.L. c. 62, §1(l), § 2(d)(1)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2021
FY2022
FY2023
FY2024
FY2025
Personal Income Tax
Deductions from Adjusted Gross Income
1.424
Self-Employed Health Insurance Deduction
Due to Massachusetts' adoption of the trade or business expense deductions allowed under the Internal Revenue Code ("Code"), Massachusetts allows a deduction for health insurance expenses incurred by self-employed taxpayers.
<a href="https://www.law.cornell.edu/uscode/text/26/162" target="_blank">IRC § 162(l)</a>, M.G.L. c. 62, <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section1" target="_blank">§1(l)</a>, <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section2" target="_blank">§ 2(d)(1)</a>
44.1
45.1
46.8
48.2
49.3
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