Tax Deduction Changes: Abortion Costs Excluded from Medical Expenses.
This bill changes the rules for deducting medical expenses from taxes. If enacted, costs related to abortion will no longer be considered medical expenses that reduce taxable income. This means individuals incurring such costs will not be able to claim a tax deduction, potentially impacting their personal finances.
Key points
Abortion costs will no longer qualify for tax deductions as medical expenses.
The change applies to tax years beginning after the bill becomes law.
This may increase the financial burden for individuals incurring these expenses.
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