Tax Deduction Changes: Abortion Costs No Longer Medical Expense.
This new bill changes tax deduction rules for medical expenses. From now on, abortion costs, with some exceptions, will not be deductible as medical expenses. This impacts the personal finances of individuals incurring such costs.
Key points
Abortion costs will no longer qualify for tax deductions as medical expenses.
Exceptions apply for abortions necessary to save a woman's life or in cases of rape or incest.
These changes will apply to tax years beginning after the bill becomes law.
Introduced
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