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- H.R.7714
H.R.7714: To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses.
About This Bill
- Introduced July 21, 2020
- Latest Major Action July 22, 2020
Bill Sponsor
Bill Version
- Introduced in House - July 21, 2020
Bill Summary
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.
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
---|---|
July 22, 2020 |
Referred to the Subcommittee on Health.
|
July 21, 2020 |
Referred to the House Committee on Ways and Means.
|
July 21, 2020 |
Introduced in the House by David Schweikert (R-Ariz.) |