H.R. 111 — To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums.

H.R. 111 — To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for health insurance premiums. | JustPolicyThe purpose of this legislation is to make it easier for individuals to deduct health insurance premiums from their taxable income. This change aims to provide financial relief to taxpayers by allowing them to reduce their taxable income based on the costs of their health insurance. The key provision of this legislation introduces a new section in the tax code that allows individuals to deduct the amounts they pay for health insurance premiums for themselves, their spouses, and their dependents.