This bill proposes to amend the Internal Revenue Code of 1986 by creating a new above-the-line deduction for health insurance premiums. Specifically, it introduces a new Section 224, allowing individuals to deduct amounts paid for insurance that qualifies as medical care for themselves, their spouse, and dependents. A key aspect of this legislation is that the deduction is classified as an "above-the-line" deduction, meaning taxpayers can claim it whether or not they itemize other deductions . This ensures broader applicability and potential tax relief for a wider range of individuals. The bill also clarifies that amounts deducted under this new provision cannot be used to determine any other deductions or credits, with these changes slated to take effect for taxable years beginning after December 31, 2024.