tax deduction

Representatives Gus Bilirakis (R-FL) and Anna Paulina Luna (R-FL) are introducing legislation to codify the $6,000 Social Security tax deduction. For additional context, the Working Families Tax Cuts Act, which was signed into law last year, allows seniors on Social Security to claim a $6,000 tax deduction ($12,000 if filing jointly). However, the provision is […]

Representatives Greg Steube (R-FL) and Daniel Webster (R-FL) have introduced legislation to make charitable healthcare tax-deductible. Specifically, the Helping Everyone Access Long Term Healthcare (HEALTH) Act creates a tax deduction for medical professionals who provide healthcare to patients eligible for the Children's Health Insurance Program (CHIP) and Medicaid. However, sexual reassignment surgery, hormone replacement therapy […]