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Bill
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Medical Expense Deduction Act

S. 2962 · 113th Congress · Nov 20, 2014 · Lineage

A BILL

To repeal the tax increase imposed by Obamacare on taxpayers who incur catastrophic medical expenses.

1. Short title

This Act may be cited as the “Medical Expense Deduction Act”.

2. Repeal of increase in minimum deduction for medical, dental, etc., expenses

(a)
In general— Subsection (a) of section 213 of the Internal Revenue Code of 1986 is amended by striking “10 percent” and inserting “7.5 percent”.
(b)
Effective date— The amendment made by this section shall apply to taxable years beginning after December 31, 2014.