To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.

Plain-English summary

This measure provides a tax deduction for health insurance premiums paid to provide medical insurance coverage for an individual, the individual’s spouse, and the individual’s dependents. Under the bill, the tax deduction may be claimed as an adjustment to income (also known as an above-the-line tax deduction), which does not require the individual to itemize deductions.

Deterministically condensed from the official CRS summary; verify details in the official record.