New Jersey Statutes Annotated (Tax)
N.J.S.A. § 54A:3-4
Deductions for contributions to medical savings account
3. a. A taxpayer may deduct from the taxpayer's gross income an amount equal to the contributions to a medical savings account that the taxpayer is allowed for the taxable year as a deduction for federal income tax purposes pursuant to section 220 of the federal Internal Revenue Code of 1986, 26 U.S.C. s.220.
b. The deduction provided by subsection a. of this section shall, notwithstanding any amendment or supplement to federal law, be allowed only to "eligible individuals" qualifying under the limitations of subsection (i), and subject to the numerical limits of subsection (j), of section 220 of the federal Internal Revenue Code of 1986, 26 U.S.C. s.220, as in effect on January 1, 1997.
L.1997,c.414,s.3.
Source: view the official text
In this chapter (40 sections)
- 54:3-14. · Petitions of appeal, rules, regulations and procedures;…
- 54:3-15. · Boards to view assessed properties; meetings
- 54:3-16. · Administrator; responsibility for administrative functions…
- 54:3-17 · Ratio of assessment to value; equalization table; copies to…
- 54:3-18 · Meeting to review equalization table; hearing and notice
- 54:3-19. · Valuations of property as confirmed to be final; copies of…
- 54:3-20. · Assessment of omitted property
- 54:3-20.1. · Reference to one or more members to take testimony
- 54:3-21 · Appeal by taxpayer or taxing district; petition; complaint;…
- 54:3-21.3. · Fees
- 54:3-21.3a · Use of revenues from fees
- 54:3-22. · Hearing of appeals; witnesses; evidence; revision of taxable…
- 54:3-23. · Disobedience of witness, punishment
- 54:3-24. · Perjury
- 54:3-25. · Quorum; majority may act
- 54:3-26. · Hearing, determination of appeals
- 54:3-26.1. · Extension of time for hearing appeal
- 54:3-26a. · Action or determination of county board of taxation; review…
- 54:3-26b. · Review of judgment of county board of taxation
- 54:3-27. · Payment of taxes pending appeal
- 54:3-27.2 · Refund of excess taxes; interest
- 54:3-28. · Removal of member for cause; successor
- 54:3-30. · Permanent offices in certain counties; records public
- 54:3-31. · Traveling expenses of members and administrator paid by…
- 54:3-32 · Preparation of annual budget request by county tax…
- 54A:3-1 · Personal exemptions and deductions
- 54A:3-1.1. · Dependent under 22 in attendance at accredited…
- 54A:3-2. · Alimony and separate maintenance payments
- 54A:3-3 · Medical expenses
- 54A:3-4 · Deductions for contributions to medical savings account
- 54A:3-5 · Self-employed individuals, deduction for health insurance…
- 54A:3-6. · Deduction for qualified conservation contribution
- 54A:3-7 · Designation of "Health Enterprise Zones."
- 54A:3-8 · Tax deduction for qualified receipts, definitions
- 54A:3-9 · Alternative business calculation established
- 54A:3-10 · Deduction from gross income for organ, bone marrow donor
- 54A:3-11 · Short title
- 54A:3-12 · Allowable deduction in the amount of taxpayer's contribution
- 54A:3-13 · Allowable deduction in the amount of student loan principal,…
- 54A:3-14 · Allowable deduction in the amount of higher education…