To amend the Internal Revenue Code of 1986 to provide a deduction for expenses of providing care for certain elderly individuals, and for other purposes.
Older Americans Economic Security Act of 1993 - Amends the Internal Revenue Code to allow a tax deduction for qualified elderly care expenses which exceed five percent of the taxpayer's adjusted gross income.
Allows a charitable deduction to physicians and registered professional nurses for medical services or goods donated to elderly individuals.
Allows tax-free withdrawals from individual retirement accounts to pay long-term care expenses or to purchase insurance covering such expenses.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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