HR 5189 · 101th Congress · Taxation
Elderly Americans' Economic Security Act of 1990
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1990-06-28)
Plain Language Summary
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Elderly Americans' Economic Security Act of 1990 - Amends the Internal Revenue Code to allow a tax deduction for qualified elderly care expenses which exceed five percent of the taxpayers adjusted gross income. Allows a charitable deduction to physicians and registered professional nurses for medical services or goods donated to elderly individuals. Allows tax-free withdrawals from individual retirement accounts to pay long-term care expenses or to purchase insurance covering such expenses.…
Summarized by Claude AI · Non-partisan · For informational purposes only