Senate tax bill will keep medical expense deduction

The proposed Senate tax bill will keep the deduction for qualified medical expenses, unlike the House tax plan, according to The Hill.

Advertisement

Individuals or families with medical expenses that exceed 10 percent of their annual adjusted gross income are eligible for the deduction, which the House eliminated in its bill. Sen. Bill Cassidy, MD, R-La., suggested bipartisan support for the measure led to its retention in the Senate proposal.

“I think there’s always a sense that it’s a good thing to continue,” Dr. Cassidy said, according to The Hill.

More articles on leadership and management:

Becoming a manager increases job satisfaction for men but not women, study finds
Jimmy Carter: Lack of US universal coverage is ‘national scandal’
South Dakota tribe threatens to ban top hospital officials over contract dispute

Advertisement

Next Up in Leadership & Management

Advertisement

Comments are closed.