House Bill 7714
116th Congress(2019-2020)
To amend the Internal Revenue Code of 1986 to reduce the floor on the deduction for medical expenses.
Introduced
Introduced in House on Jul 21, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
7714
Congress
116
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this 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.
July 21, 2020
07/22/2020
Referred to the Subcommittee on Health.
07/21/2020
Referred to the House Committee on Ways and Means.
07/21/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:45:52 PM