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Internal Revenue Code of 1986

The official collection of tax laws in the United States, which this bill proposes to change.

Deduction for medical expenses

A part of the tax code that allows taxpayers to reduce their taxable income by a portion of their medical costs if those costs exceed a certain percentage of their income.

Taxable year

The annual accounting period for which income tax is calculated, typically the calendar year for most individual taxpayers.

Subsection (a)

A specific part of Section 213 of the Internal Revenue Code that outlines what can be included in medical expense deductions.

Itemize deductions

To list specific allowable expenses, like medical costs, on a tax return to reduce taxable income, rather than taking a standard deduction.

Enactment of this Act

The date when this bill officially becomes law after being passed by both houses of Congress and signed by the President, or if Congress overrides a presidential veto.