Search Results: keywords:"medical expense deduction"

  • S. 253 — To amend the Internal Revenue Code of 1986 to provide that amounts paid for an abortion are not taken into account for purposes of the deduction for medical expenses.
    Status:Introduced in Senate
    Words:407

    S. 253 proposes changes to the Internal Revenue Code of 1986, specifically targeting the deduction of medical expenses on tax returns. The bill states that any amount spent on an abortion cannot be used for medical expense deductions. There are exceptions to this rule,...

    Simple Explanation

    Imagine a rule that says when people spend money on going to the doctor, they get to save a bit on the money they have to share with the government later. But this new rule says if someone spends money on stopping a baby before it's born, they can't use that money as a reason to save when they pay the government, unless it was really important for health or certain bad things happened.

  • S. 653 — To amend the Internal Revenue Code of 1986 to treat membership in a health care sharing ministry as a medical expense, and for other purposes.
    Status:Introduced in Senate
    Words:437

    S. 653 is a bill proposed in the 119th Congress, aimed at amending the Internal Revenue Code of 1986 to allow membership in a health care sharing ministry to be treated as a medical expense for tax purposes. This means that people who are part of such ministries can count...

    Simple Explanation

    S. 653 wants to change the rules so that when people join a special group called a health care sharing ministry, they can count the money they spend there as medical expenses on their taxes, starting in 2026. This means these groups won't be considered health insurance, and it might make things a little tricky to understand and manage.