HR 6514
To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill would allow taxpayers to deduct health insurance premiums paid for themselves, their spouses, and their dependents from their gross income. Unlike current tax rules, this deduction would be available regardless of whether the taxpayer itemizes other deductions. This change aims to provide financial relief to individuals and families by reducing their overall tax liability. The deduction would take effect for tax years starting after December 31, 2021.
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