Tax Deduction for Over-the-Counter Naloxone: Lower Healthcare Costs
This new bill allows the cost of over-the-counter naloxone to be deducted as a medical expense, potentially reducing healthcare costs for citizens. This change aims to make a life-saving medication for opioid overdose more financially accessible and easier to obtain.
Key points
Over-the-counter naloxone costs will be eligible for deduction as medical expenses.
The change aims to ease the financial burden of accessing this life-saving medication.
The provisions will apply to tax years ending after the bill's enactment date.
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