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A bill to amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction.
Legislative Progress
Introduced
November 14, 2018
Latest Action
November 14, 2018
Primary Sponsor
Susan M. CollinsRepublican(ME)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 3,805 other S bills in the 115th — cohort avg 41d
This bill amends the Internal Revenue Code to make permanent the reduction in the adjusted gross income threshold that must be exceeded before a taxpayer is allowed to claim an itemized deduction for medical expenses. (In 2017, the threshold was temporarily reduced from 10% to 7.5% for 2017 and 2018. This bill makes the 7.5% threshold permanent.)
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Filing registrants (1)
2018 · fourth_quarter · Taxation/Internal Revenue Code
1. H.R. 1051 Halt Tax Increases on the Middle Class and Seniors Act - all provisions 2. S. 1977 Seniors Tax Hike Prevention Act of 2017 - all provisions 3. Proposals to incentivize retirement savings to help pay for Long Term Care Services 4. H.R. 6726 Invest in America Act - Repeal of Foreign Investment in Real Property Tax Act (FIRPTA) of 1980 5. Section 199A of Internal Revenue Code - Deduction for Qualified Business Income (QBI) in Assisted Living Residences 6. H.R. 1 Tax Cuts and Jobs Act of 2017 - Section 163(j)(7)(B) ADS depreciation schedule for existing buildings that elect out of the business interest deduction limitation for real property trades or business 7. S.3621 - A bill to amend the Internal Revenue Code of 1986 to provide for a permanent extension of the lower threshold for the medical expense deduction - all provisions
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6966)
Introduced in Senate
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Sources: Congress.gov
Client expense: $75,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of