[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4558 Introduced in House (IH)]

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117th CONGRESS
  1st Session
                                H. R. 4558

 To amend the Internal Revenue Code of 1986 to allow the deduction for 
       health insurance costs in computing self-employment taxes.


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                    IN THE HOUSE OF REPRESENTATIVES

                             July 20, 2021

  Mr. Delgado (for himself and Ms. Salazar) introduced the following 
      bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to allow the deduction for 
       health insurance costs in computing self-employment taxes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Tax Fairness for the Self-Employed 
Act of 2021''.

SEC. 2. DEDUCTION FOR HEALTH INSURANCE COSTS ALLOWED IN COMPUTING SELF-
              EMPLOYMENT TAXES.

    (a) In General.--Subsection (l) of section 162 of the Internal 
Revenue Code of 1986 is amended by striking paragraph (4) and by 
redesignating paragraph (5) as paragraph (4).
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after the date of the enactment of this Act.
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