With the State of the Union address just a week away, advisors to President Bush said that new tax breaks for health care costs are being considered.
Reportedly, new tax breaks for personal health spending will be included in the president's 2007 budget, designed to help the uninsured and allow people with insurance to write off a greater portion of the money they spend on co-payments, deductibles and care that is not covered. Medical expenses can only be written off if they exceed 7.5 percent of adjusted gross income.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access