Summary: This bill makes permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized tax deduction for medical expenses. (In 2017, the threshold was temporarily reduced from 10% to 7.5% for 2017 and 2018. This bill makes the 7.5% threshold permanent.) (Cosponsors, Bipartisan)
ANGIE CRAIG’S POSITION: Representative Craig Cosponsored the bill on 12/11/19.
STATUS: Introduced 04/03/19 by Rep. Porter, Katie [D-CA-45].
INFORMATION RELATED TO THE BILL:
- “I hear it all the time from folks in my district—they’re worried about the skyrocketing cost of healthcare for their families,” Congresswoman Porter said. “My legislation will give Orange County families some relief by offsetting the cost of high out-of-pocket expenses, as Congress works to advance other proposals to bring down prices for prescription drugs and increase access to affordable, high-quality health insurance.” (Source: Rep. Porter, Press release, 04/03/19)
Link to the text of the bill.
Link to bill information (support and opposition) on Countable.