A bill to amend the Internal Revenue Code of 1954 to provide a deduction for expenses for legal services.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an individual an income tax deduction for expenses for legal services incurred by the taxpayer, his spouse and dependents, and not compensated by insurance or otherwise. Limits the amount of such deduction to the: (1) balance of such expenses which exceeds three percent of the taxpayer's adjusted gross income; plus (2) one-half of the expenses paid (not in excess of $150) for legal services insurance.…