Savings on Medical Expenses for Seniors Act of 2014

Savings on Medical Expenses for Seniors Act of 2014 - Amends the Internal Revenue Code to make permanent the reduction in the threshold level (10% to 7.5% of adjusted gross income) for determining the amount of deductible medical expenses for individuals who have attained age 65.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4104 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 4104

 To amend the Internal Revenue Code of 1986 to make permanent the 7.5 
 percent threshold for the medical expense deduction for people 65 or 
                                 older.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 27, 2014

 Mrs. Negrete McLeod 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 make permanent the 7.5 
 percent threshold for the medical expense deduction for people 65 or 
                                 older.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Savings on Medical Expenses for 
Seniors Act of 2014''.

SEC. 2. 7.5 PERCENT THRESHOLD FOR MEDICAL EXPENSE DEDUCTION FOR PEOPLE 
              65 OR OLDER MADE PERMANENT.

    (a) In General.--Section 213(a) of the Internal Revenue Code of 
1986 is amended by inserting before the period at the end the 
following: ``(7.5 percent of adjusted gross income in the case that 
such taxpayer or such taxpayer's spouse has attained age 65 before the 
close of such taxable year)''.
    (b) Conforming Amendments.--
            (1) Section 213 of the Internal Revenue Code of 1986 is 
        amended by striking subsection (f).
            (2) Section 56(b)(1)(B) of the Internal Revenue Code of 
        1986 is amended by striking ``subsection (f) of such section'' 
        and inserting ``the parenthetical relating to 7.5 percent''.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after the date of the enactment of 
this Act.
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