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Search Results: keywords:"medical expense deduction"

  • 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.