Legis Daily

A bill to amend the Internal Revenue Code of 1986 to extend the 7.5 percent threshold for the medical expense deduction for individuals age 65 or older.

USA115th CongressS-1977| Senate 
| Updated: 10/18/2017
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (5)
Bill Nelson (Democratic)Claire McCaskill (Democratic)Johnny Isakson (Republican)Rob Portman (Republican)Shelley Moore Capito (Republican)

Finance Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Seniors Tax Hike Prevention Act of 2017 This bill amends the Internal Revenue Code (IRC) to extend, through 2019, the rule that permits individuals who are 65 and older to deduct certain medical expenses that exceed 7.5% of adjusted gross income. (A provision that reduced the 10% threshold for the medical expense deduction to 7.5% if a taxpayer or a taxpayer's spouse is 65 or older expired at the end of 2016.) The bill also expresses the sense of the Senate that the reduction in revenues resulting from this bill should be offset by an appropriate amendment to the IRC.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 18, 2017
Introduced in Senate
Oct 18, 2017
Read twice and referred to the Committee on Finance.
  • October 18, 2017
    Introduced in Senate


  • October 18, 2017
    Read twice and referred to the Committee on Finance.

Taxation

AgingHealth care costs and insuranceIncome tax deductions

A bill to amend the Internal Revenue Code of 1986 to extend the 7.5 percent threshold for the medical expense deduction for individuals age 65 or older.

USA115th CongressS-1977| Senate 
| Updated: 10/18/2017
Seniors Tax Hike Prevention Act of 2017 This bill amends the Internal Revenue Code (IRC) to extend, through 2019, the rule that permits individuals who are 65 and older to deduct certain medical expenses that exceed 7.5% of adjusted gross income. (A provision that reduced the 10% threshold for the medical expense deduction to 7.5% if a taxpayer or a taxpayer's spouse is 65 or older expired at the end of 2016.) The bill also expresses the sense of the Senate that the reduction in revenues resulting from this bill should be offset by an appropriate amendment to the IRC.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Oct 18, 2017
Introduced in Senate
Oct 18, 2017
Read twice and referred to the Committee on Finance.
  • October 18, 2017
    Introduced in Senate


  • October 18, 2017
    Read twice and referred to the Committee on Finance.
Sherrod Brown

Sherrod Brown

Democratic Senator

Ohio

Cosponsors (5)
Bill Nelson (Democratic)Claire McCaskill (Democratic)Johnny Isakson (Republican)Rob Portman (Republican)Shelley Moore Capito (Republican)

Finance Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
AgingHealth care costs and insuranceIncome tax deductions