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HR 7714 116th Congress House Taxation Health care costs and insurance Income tax deductions

To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses.

Introduced: July 21, 2020 Introduced by: Schweikert, David Republican · Arizona See on congress.gov
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 22, 2020
Referred to the Subcommittee on Health.
Jul 21, 2020
Referred to the House Committee on Ways and Means.
Jul 21, 2020
Introduced in House
 Plain-English summary Congressional Research Service

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.

What's happening now July 22, 2020

Referred to the Subcommittee on Health.

 Committees of jurisdiction 2