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S 494 101th Congress Senate Taxation Health Health insurance Income tax Insurance premiums Medical economics Self-employed Tax deductions

A bill to amend the Internal Revenue Code of 1986 to extend for 5 years, and increase the amount of, the deduction for health insurance for self-employed individuals.

Introduced: March 2, 1989 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 1989
Read twice and referred to the Committee on Finance.
Mar 2, 1989
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends Internal Revenue Code provisions relating to the income tax deduction for the health insurance costs of self-employed individuals to: (1) extend the deduction through 1994 (under current law it will expire after tax year 1989); and (2) increase the allowable deduction from 25 percent to 100 percent.

What's happening now March 2, 1989

Read twice and referred to the Committee on Finance.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jul 11, 1989
Cite this page click to expand
APA
U.S. Congress. (2026). S. 494: A bill to amend the Internal Revenue Code of 1986 to extend for 5 years, and increase the amount of, the deduction for health insurance for self-employed individuals.. 101st Congress. Open America. https://openamerica.io/bill/101-S-494/
MLA
"S. 494: A bill to amend the Internal Revenue Code of 1986 to extend for 5 years, and increase the amount of, the deduction for health insurance for self-employed individuals.." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-S-494/.
Bluebook (legal)
S. 494, 101st Cong. (2026), https://openamerica.io/bill/101-S-494/.
Markdown link
[S. 494: A bill to amend the Internal Revenue Code of 1986 to extend for 5 years, and increase the amount of, the deduction for health insurance for self-employed individuals.](https://openamerica.io/bill/101-S-494/)
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