WASHINGTON – Missouri U.S. Sen. Josh Hawley is introducing a bill called the “No Taxes on Healthcare Act,” which aims to eliminate taxes on a wide range of healthcare costs.
Hawley says the bill would allow taxpayers to deduct up to $25,000 in out-of-pocket medical expenses per person or dependent. It would also allow healthcare premiums paid out-of-pocket to be tax deductible.
At the end of 2025, the enhanced premium tax credits that help millions afford insurance under the Affordable Care Act are set to expire, a change that could lead to significantly higher monthly premiums unless Congress acts.
The full article is available at ozarksfirst.com.
(Story by Joey Schneider, ozarksfirst.com)
Rainy Weekend Ahead for the Lakes Region
H2Ozarks Among Groups Benefitting from Latest Grants from Arkansas Department of Agriculture
Traffic Crash in Boone County Kills One, Injures Another
Juneteenth Federal Holiday Closes Government Offices, Financial Institutions
Have Recent Rains Impacted the Drought Levels?
