H.R. 111: To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.
H.R. 111 is a federal bill in the 119th Congress. Currently, individuals can only deduct health insurance premiums if they itemize deductions and their medical expenses, including premiums, exceed 7.5% of their adjusted gross income. This bill changes that by allowing all taxpayers to deduct the full… See its sponsors, how members voted, and a plain-English breakdown on PolityLens.
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