Bill
Bill > HR81
US HR81
US HR81To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.
summary
Introduced
01/03/2019
01/03/2019
In Committee
01/03/2019
01/03/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums. This bill allows an individual taxpayer a deduction from gross income for insurance premiums paid for the health care coverage of the taxpayer and the taxpayer's spouse and dependents. The bill makes the deduction available whether or not the taxpayer itemizes other deductions.
AI Summary
This bill amends the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums. This means that individual taxpayers can deduct the cost of their health insurance premiums from their gross income, regardless of whether they itemize other deductions. The deduction is available for the taxpayer, their spouse, and their dependents. The bill makes this deduction effective for taxable years beginning after December 31, 2018.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Referred to the House Committee on Ways and Means. (on 01/03/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/house-bill/81/all-info |
| BillText | https://www.congress.gov/116/bills/hr81/BILLS-116hr81ih.pdf |
| Bill | https://www.congress.gov/116/bills/hr81/BILLS-116hr81ih.pdf.pdf |
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