Press Releases
Rep. Porter Introduces Bipartisan Bill to Permanently Lower Threshold for Medical Expense Tax DeductionCongresswoman’s legislation would protect Orange County families from rising taxes if they deduct for medical expenses
Washington, DC,
April 4, 2019
Congresswoman Katie Porter (CA-45) today introduced a bipartisan bill with Republican Congressman Kenny Marchant to permanently lower the threshold for deducting medical expenses from federal taxes to 7.5% of income. Without this legislation, Orange County families currently deducting medical expenses could see their taxes increase next Tax Day. “I hear it all the time from folks in my district—they’re worried about the skyrocketing cost of healthcare for their families,” Congresswoman Porter said. “My legislation will give Orange County families some relief by offsetting the cost of high out-of-pocket expenses, as Congress works to advance other proposals to bring down prices for prescription drugs and increase access to affordable, high-quality health insurance.” “You never know when an unexpected medical expense may come along, which is why the medical expense tax deduction is such a vital provision in our tax code,” said Congressman Marchant. “This legislation takes the commonsense step of permanently lowering the threshold for medical expensing, giving North Texas families more peace of mind as they make their healthcare decisions.” Beginning in January 2019, Americans with high health care costs can only deduct their medical expenses from their taxes if these expenses exceed 10% of their income. In 2018, the income threshold for deductions was set at 7.5% of income. Congresswoman Porter’s legislation would permanently extend the 7.5% income threshold for the medical tax deduction, preventing Americans with high medical costs from seeing their tax bill rise next year. ### |