Tax Changes: No Medical Expense Deduction for Abortion Costs.
This bill aims to change tax laws. If passed, expenses for abortion will no longer be deductible as medical expenses for tax purposes. This means individuals incurring such costs will not be able to reduce their taxable income by these amounts, potentially impacting their personal finances.
Key points
Abortion expenses will no longer qualify as deductible medical expenses for tax purposes.
This change could increase the tax burden for individuals incurring such expenses.
The new rules would apply to tax years beginning after the bill becomes law.
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