HR 7714 · 116th Congress · Taxation
To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Health.(2020-07-22)
Plain Language Summary
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This bill makes permanent the reduction in the adjusted gross income (AGI) threshold that must be exceeded before a taxpayer may claim a deduction amount for medical expenses. The reduction is from 10% to 7.5% of AGI and 5% in any taxable year beginnning in 2020 or 2021.…
Summarized by Claude AI · Non-partisan · For informational purposes only