- $2,000 if the qualified deductible is less than or equal to $1,000
- Twice the qualified deductible if it is greater than $1,000 but less than or equal to $7,500
- $15,000 if the qualified deductible is greater than $7,500
Include the amount by which withdrawals during the tax year are more than qualified catastrophe expenses, which are expenses paid or incurred by reason of a major disaster as declared by the Governor. Do not include withdrawals you made after reaching 70 years of age unless your contributions were more than the allowable limits.