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Bill > HR2073


US HR2073

US HR2073
To amend the Internal Revenue Code of 1986 to permanently extend the 7.5 percent adjusted gross income floor for the medical expense deduction.


summary

Introduced
04/03/2019
In Committee
04/03/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend the Internal Revenue Code of 1986 to permanently extend the 7.5 percent adjusted gross income floor for the medical expense deduction. 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.)

AI Summary

This bill permanently extends the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer can claim an itemized tax deduction for medical expenses. Specifically, the bill makes the 7.5% threshold permanent, which was previously a temporary reduction from the 10% threshold. This change allows more taxpayers to claim a deduction for their medical expenses.

Committee Categories

Budget and Finance

Sponsors (28)

Last Action

Referred to the House Committee on Ways and Means. (on 04/03/2019)

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