To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses.
USA116th CongressHR-7714| House
| Updated: 7/22/2020
David Schweikert
Republican Representative
Arizona
Cosponsors (2)
Ways and Means Committee, Health Subcommittee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill makes permanent the reduction in the adjusted gross income (AGI) threshold that must be exceeded before a taxpayer may claim a deduction amount for medical expenses. The reduction is from 10% to 7.5% of AGI and 5% in any taxable year beginnning in 2020 or 2021.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Health.
Taxation
Health care costs and insuranceIncome tax deductions
To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses.
USA116th CongressHR-7714| House
| Updated: 7/22/2020
This bill makes permanent the reduction in the adjusted gross income (AGI) threshold that must be exceeded before a taxpayer may claim a deduction amount for medical expenses. The reduction is from 10% to 7.5% of AGI and 5% in any taxable year beginnning in 2020 or 2021.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Referred to the Subcommittee on Health.
David Schweikert
Republican Representative
Arizona
Cosponsors (2)
Ways and Means Committee, Health Subcommittee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Health care costs and insuranceIncome tax deductions