Congressman Sensenbrenner Introduces the DEDUCT Act in the House of Representatives
"The costs of medical procedures and prescriptions can be a significant burden on individuals and families."
WASHINGTON, D.C. – Today, Congressman Jim Sensenbrenner (R-Wis.) introduced the Deducting Expenses Derived from Use of Care and Treatment (DEDUCT) Act in the House of Representatives.
In the Tax Reform Act of 1986, Congress allowed Americans to deduct medical expenses from their tax returns if the costs exceeded a certain amount of their adjusted gross income. Current law states that no medical expense may be deducted until the costs reach 10 percent of an individual’s gross income.
The DEDUCT Act would eliminate this unnecessary tax threshold in order to help make medical expenses more affordable for Americans.
Congressman Sensenbrenner: “The costs of medical procedures and prescriptions can be a significant burden on individuals and families. As Congress continues to debate health care and tax reform, now is the ideal time to repeal the arbitrary medical tax deduction threshold for medical expenses and give a hand up to Americans struggling to pay for necessary medical expenditures.”
Mentioned in This Press Release
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