Code · BILL · 116th Congress · H.R. 14 (Introduced in House) — To increase the Federal commitment to defeating the virus that causes COVID–19 and prepare for future pandemics, and... · Sec. 8014

Sec. 8014. Adjustment of medical expense deduction

85 words·~1 min read·/bill/116/hr/14/ih/section-8014

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 213 of the Internal Revenue Code of 1986 is amended— in subsection (a), by striking 10 percent and inserting 7.5 percent , and by striking subsection

(f)and inserting the following: In the case of any taxable year beginning after December 31, 2019, and ending before January 1, 2022, subsection

(a)shall be applied with respect to a taxpayer by substituting 5 percent for 7.5 percent . . The amendments made by this section shall apply to taxable years beginning after December 31, 2019.