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Health Insurance Premium Deduction Bill
Recent Bills/Health Insurance Premium Deduction Bill

Health Insurance Premium Deduction Bill

IntroducedJanuary 3, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Introduced in Senate
Why This Matters

This bill lets people deduct the cost of their health insurance premiums directly from their taxable income, making healthcare more affordable.

If you pay for your own health insurance, you could lower your taxable income and save money on taxes.
Who this affects
Individuals · Families
What changes is this bill making?
  1. 1This bill allows individuals to deduct health insurance premiums from their taxable income.
  2. 2The deduction applies to premiums paid for the taxpayer, their spouse, and dependents.
  3. 3Individuals can take this deduction even if they do not itemize other deductions.
  4. 4The changes to the tax code will start for tax years beginning after December 31, 2024.
Read the detailed summary

Red Snapper Act of 2025This bill prohibits the National Oceanic and Atmospheric Administration (NOAA) from restricting certain fishing activities in the South Atlantic until data from the South Atlantic Great Red Snapper Count study is integrated into the next South Atlantic red snapper Southeast Data, Assessment, and Review (SEDAR) stock assessment. The bill provides that NOAA may not issue an interim rule, final rule, or Secretarial Amendment establishing an area closure or a bottom fishing closure for specified species until (1) the study is complete; and (2) the study data is integrated into the first South Atlantic red snapper SEDAR stock assessment that is carried out after the bill's enactment. The limitation applies to fishing for species managed under the Fishery Management Plan for the Snapper-Grouper Fishery of the South Atlantic Region, including red snapper, grouper, and porgy.(Closures generally restrict recreational and commercial fishing to prevent overfishing and for other conservation purposes.)

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentJan 3, 2025

Introduced in Senate

Sponsors
See all 4 sponsors
House
Senate
President

The President

Joe Biden
46th President
Awaiting Vote
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