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.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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