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Bill > HR2576
US HR2576
US HR2576To amend the Internal Revenue Code of 1986 to modify the calculation of modified adjusted gross income for purposes of determining eligibility for certain healthcare-related programs.
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
112th Congress
Bill Summary
Amends the Internal Revenue Code to include social security benefits that are excluded from gross income in the calculation of modified adjusted gross income for purposes of determining eligibility for the tax credit for coverage under a qualified health plan.
AI Summary
This bill modifies how "modified adjusted gross income" (MAGI), a figure used to determine eligibility for certain healthcare programs, is calculated by including social security benefits that are currently excluded from a taxpayer's gross income. Specifically, it amends the Internal Revenue Code of 1986 to add these excluded social security benefits to the MAGI calculation for the purpose of determining eligibility for the tax credit for coverage under a qualified health plan, which is a program designed to help individuals afford health insurance.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Pursuant to the provisions of H. Res. 448, H.R. 2576 is laid on the table. (consideration: CR H7151) (on 10/27/2011)
Official Document
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