The U.S. House of Representatives today passed, by a vote of 261 to 147, a bill that would lower the adjusted gross income threshold for an itemized deduction for unreimbursed medical expenses—from 10% to 7.5%—for all taxpayers, regardless of age. Under the bill, the threshold would continue to be 10% for alternative minimum tax (AMT) purposes.
The bill is H.R. 3590, Halt Tax Increase on the Middle Class and Seniors Act.
Prospects for passage in the Senate are uncertain.
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