Bill > HR9298

This bill, known as the "Safe Water Instruction for Minors Act of 2024" or the "SWIM Act of 2024," aims to amend the Internal Revenue Code of 1986 to treat qualified water competency and water safety lesson expenses as medical expenses. This would allow taxpayers to deduct up to $500 ($1,000 for joint returns or heads of household) for the cost of basic water safety and swimming instruction, as well as equipment necessary for such participation, from their taxable income. The bill specifies that these deductible expenses must be for lessons focused on water safety and competency, and not for competitive swimming or training. The amendments made by this bill would apply to taxable years beginning after the date of its enactment.