Origin: Employee contributions to federal and state contributory pension plans are deductible against "earned" income up to a maximum of $2,000 per individual.
Origin: M.G.L. c. 62, § 3B(a)(4)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Deductions from Adjusted Gross Income
1.402
Deduction for Employee Contributions to Public Pension Plans
Employee contributions to federal and state contributory pension plans are deductible against "earned" income up to a maximum of $2,000 per individual.
M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section3" target="_blank">c. 62, § 3B(a)(4)</a>
included in 1.401
included in 1.401
included in 1.401
included in 1.401
included in 1.401
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