Origin: Massachusetts adopts the federal exclusion for discharges of indebtedness related to certain costs for students entering health care professions.
Origin: M.G.L. c. 62, § 2; IRC § 108(f)(4)
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2022
FY2023
FY2024
FY2025
FY2026
Personal Income Tax
Exclusions from Gross Income
1.039
Discharge of Indebtedness for Health Care Professionals
Massachusetts adopts the federal exclusion for discharges of indebtedness related to certain costs for students entering health care professions.
M.G.L. <a href="https://malegislature.gov/Laws/GeneralLaws/PartI/TitleIX/Chapter62/Section2" target="_blank">c. 62, § 2</a>; <a href="https://www.law.cornell.edu/uscode/text/26/108" target="_blank">IRC § 108(f)(4)</a>
0.9
1.0
1.1
1.2
1.2
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