| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 111 |
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| 5 | 5 | | To amend the Internal Revenue Code of 1986 to allow an above-the-line |
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| 6 | 6 | | deduction for health insurance premiums. |
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| 7 | 7 | | IN THE HOUSE OF REPRESENTATIVES |
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| 8 | 8 | | JANUARY3, 2025 |
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| 9 | 9 | | Mr. B |
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| 10 | 10 | | IGGSof Arizona introduced the following bill; which was referred to the |
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| 11 | 11 | | Committee on Ways and Means |
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| 12 | 12 | | A BILL |
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| 13 | 13 | | To amend the Internal Revenue Code of 1986 to allow an |
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| 14 | 14 | | above-the-line deduction for health insurance premiums. |
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| 15 | 15 | | Be it enacted by the Senate and House of Representa-1 |
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| 16 | 16 | | tives of the United States of America in Congress assembled, 2 |
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| 17 | 17 | | SECTION 1. DEDUCTION FOR HEALTH INSURANCE PRE-3 |
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| 18 | 18 | | MIUMS. 4 |
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| 19 | 19 | | (a) I |
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| 20 | 20 | | NGENERAL.—Part VII of subchapter B of chap-5 |
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| 21 | 21 | | ter 1 of the Internal Revenue Code of 1986 is amended 6 |
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| 22 | 22 | | by redesignating section 224 as section 225 and by insert-7 |
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| 23 | 23 | | ing after section 223 the following new section: 8 |
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| 24 | 24 | | VerDate Sep 11 2014 05:17 Jan 29, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H111.IH H111 |
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| 25 | 25 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 26 | 26 | | •HR 111 IH |
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| 27 | 27 | | ‘‘SEC. 224. DEDUCTION FOR HEALTH INSURANCE PRE-1 |
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| 28 | 28 | | MIUMS. 2 |
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| 29 | 29 | | ‘‘In the case of an individual, there shall be allowed 3 |
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| 30 | 30 | | as a deduction for the taxable year amounts paid by the 4 |
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| 31 | 31 | | taxpayer for insurance which constitutes medical care (as 5 |
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| 32 | 32 | | defined in section 213(d)) for the taxpayer and the tax-6 |
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| 33 | 33 | | payer’s spouse and dependents. No amount allowed as a 7 |
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| 34 | 34 | | deduction under the preceding sentence shall be taken into 8 |
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| 35 | 35 | | account in determining any deduction or credit otherwise 9 |
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| 36 | 36 | | allowable to the taxpayer (or any other taxpayer) under 10 |
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| 37 | 37 | | this chapter.’’. 11 |
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| 38 | 38 | | (b) D |
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| 39 | 39 | | EDUCTIONALLOWEDWHETHER ORNOTINDI-12 |
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| 40 | 40 | | VIDUALITEMIZESOTHERDEDUCTIONS.—Subsection (a) 13 |
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| 41 | 41 | | of section 62 of such Code is amended by inserting before 14 |
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| 42 | 42 | | the last sentence at the end the following new paragraph: 15 |
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| 43 | 43 | | ‘‘(22) D |
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| 44 | 44 | | EDUCTION FOR HEALTH INSURANCE 16 |
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| 45 | 45 | | PREMIUMS.—The deduction allowed by section 17 |
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| 46 | 46 | | 224.’’. 18 |
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| 47 | 47 | | (c) C |
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| 48 | 48 | | LERICALAMENDMENT.—The table of sections 19 |
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| 49 | 49 | | for part VII of subchapter B of chapter 1 of such Code 20 |
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| 50 | 50 | | is amended by redesignating the item relating to section 21 |
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| 51 | 51 | | 224 as an item relating to section 225 and by inserting 22 |
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| 52 | 52 | | after the item relating to section 223 the following new 23 |
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| 53 | 53 | | item: 24 |
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| 54 | 54 | | ‘‘Sec. 224. Deduction for health insurance premiums.’’. |
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| 55 | 55 | | VerDate Sep 11 2014 05:17 Jan 29, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6211 E:\BILLS\H111.IH H111 |
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| 56 | 56 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 57 | 57 | | •HR 111 IH |
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| 58 | 58 | | (d) EFFECTIVEDATE.—The amendments made by 1 |
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| 59 | 59 | | this section shall apply to taxable years beginning after 2 |
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| 60 | 60 | | December 31, 2024. 3 |
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| 61 | 61 | | Æ |
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| 62 | 62 | | VerDate Sep 11 2014 05:17 Jan 29, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H111.IH H111 |
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| 63 | 63 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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