To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.

Bill: 119-hr-111
Sponsor: full_name: Rep. Biggs, Andy [R-AZ-5]
Introduced: 2025-01-03
Policy area: Taxation
Subjects: Health care costs and insurance

Income tax deductions
Latest action: action_date: 2025-01-03
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2025-01-03
action_desc: Introduced in House
text: <p>This bill provides a tax deduction for health insurance premiums paid to provide medical insurance coverage for an individual, the individual’s spouse, and the individual’s dependents. Under the bill, the tax deduction may be claimed as an adjustment to income (also known as an above-the-line tax deduction), which does not require the individual to itemize deductions.&nbsp;</p>

tv_txt: I 119th CONGRESS 1st Session H. R. 111 IN THE HOUSE OF REPRESENTATIVES January 3, 2025 Mr. Biggs of Arizona introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.

1. Deduction for health insurance premiums (a) In general Part VII of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by redesignating section 224 as section 225 and by inserting after section 223 the following new section: 224. Deduction for health insurance premiums In the case of an individual, there shall be allowed as a deduction for the taxable year amounts paid by the taxpayer for insurance which constitutes medical care (as defined in section 213(d)) for the taxpayer and the taxpayer’s spouse and dependents. No amount allowed as a deduction under the preceding sentence shall be taken into account in determining any deduction or credit otherwise allowable to the taxpayer (or any other taxpayer) under this chapter. . (b) Deduction allowed whether or not individual itemizes other deductions Subsection (a) of section 62 of such Code is amended by inserting before the last sentence at the end the following new paragraph: (22) Deduction for health insurance premiums The deduction allowed by section 224. . (c) Clerical amendment The table of sections for part VII of subchapter B of chapter 1 of such Code is amended by redesignating the item relating to section 224 as an item relating to section 225 and by inserting after the item relating to section 223 the following new item: Sec. 224. Deduction for health insurance premiums. . (d) Effective date The amendments made by this section shall apply to taxable years beginning after December 31, 2024.