A bill to amend the Internal Revenue Code of 1954 to allow an individual a tax credit for medical and dental expenses.

Allows an income tax credit under the Internal Revenue Code equal to the amount, not covered by insurance or otherwise, for medical and dental expenses during the taxable year.

Prescribes limits for such tax credit.

Allows a carryover to the next year of unused credits.

Allows a credit to a decedent's estate for such expenses if claimed within a year of death.

Includes specified medical insurance within expenses as defined by this Act.

Disallows expenses for dependent care, claimed as a deduction, from such definition.