Bill
Bill > S3621
US S3621
A bill to amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction.
summary
Introduced
11/14/2018
11/14/2018
In Committee
11/14/2018
11/14/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
115th Congress
Bill Summary
A bill to amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction. This bill amends the Internal Revenue Code to make permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized 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 amends the Internal Revenue Code to make permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized deduction for medical expenses. Previously, the threshold was temporarily reduced from 10% to 7.5% for 2017 and 2018, and this bill makes the 7.5% threshold permanent. The bill also repeals the provision that treated the medical expense deduction as a preference item for purposes of the alternative minimum tax.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6966) (on 11/14/2018)
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/115th-congress/senate-bill/3621/all-info |
| BillText | https://www.congress.gov/115/bills/s3621/BILLS-115s3621is.pdf |
| Bill | https://www.congress.gov/115/bills/s3621/BILLS-115s3621is.pdf.pdf |
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