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

3.0.0 7714 2023-01-11T13:45:52Z 2023-01-11T13:45:52Z House HR 2020-07-21 116 [Congressional Record Volume 166, Number 128 (Tuesday, July 21, 2020)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCHWEIKERT:H.R. 7714.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 18 of the U.S. Constitution:The Congress shall have Power to make all Laws which shall benecessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof.[Page H3612]]]> hswm00 Ways and Means Committee House Standing hswm02 Health Subcommittee Referred to 2020-07-22T14:17:40Z Referred to 2020-07-21T13:00:45Z 2020-07-22 hswm02 Health Subcommittee 1 House committee actions Referred to the Subcommittee on Health. Committee 2020-07-21 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2020-07-21 Introduced in House IntroReferral Intro-H 9 Library of Congress 2020-07-21 Introduced in House IntroReferral 1000 9 Library of Congress S001183 Rep. Schweikert, David [R-AZ-6] David Schweikert R AZ 6 N K000376 Rep. Kelly, Mike [R-PA-16] Mike Kelly R PA 16 2020-07-22 False H001082 Rep. Hern, Kevin [R-OK-1] Kevin Hern R OK 1 2020-08-21 False Taxation Health care costs and insurance Income tax deductions Taxation

00 2020-07-21 Introduced in House 2020-08-27T14:46:39Z 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.

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To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses. Display Title To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses. Official Title as Introduced To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses. Introduced in House IH Introduced in House 2020-07-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr7714ih/xml/BILLS-116hr7714ih.xml 2020-07-22 Referred to the Subcommittee on Health. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.