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HR 111

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2025-2026 Regular Session Introduced by Rob Clifton and 5 co-sponsors

HR 111 allows individuals to deduct health insurance premiums from taxable income, providing tax relief and making coverage more affordable for families and self-employed taxpayers.

House Read and Adopted
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WeVote Research Nonpartisan
Bill Summary · HR 111

Summary of HR 111: Health Insurance Premium Deduction Bill

Purpose and Intent

HR 111 aims to amend the Internal Revenue Code of 1986 to introduce an above-the-line deduction for health insurance premiums. This legislative change is designed to provide tax relief to individuals by allowing them to deduct the costs of health insurance premiums directly from their taxable income, thereby potentially lowering their overall tax burden.

Key Provisions

The bill includes the following significant provisions:

  1. New Deduction for Health Insurance Premiums:

    • The bill proposes the addition of a new section (224) to the Internal Revenue Code.
    • It allows individuals to deduct amounts paid for health insurance premiums that qualify as medical care (as defined in section 213(d)).
    • This deduction applies to premiums paid for the taxpayer, their spouse, and dependents.

  2. Exclusion from Other Deductions:

    • The bill specifies that the amounts deducted for health insurance premiums cannot be considered when determining any other deductions or credits available under the tax code. This means that taxpayers cannot double-dip by using the same expenses for multiple tax benefits.

Who Would Be Affected

  • Individuals and Families: The primary beneficiaries of this bill would be individual taxpayers who purchase their own health insurance, including those who are self-employed, as well as families with dependents.
  • Health Insurance Providers: The bill may indirectly impact health insurance companies by potentially increasing the number of individuals who can afford health insurance due to the tax deduction.

Procedural Aspects

  • Introduced Date: The bill was introduced in the House on January 3, 2025.
  • Committee Referral: Following its introduction, HR 111 was referred to the House Committee on Ways and Means for further consideration.

Conclusion

HR 111 seeks to enhance the affordability of health insurance for individuals by allowing a direct deduction of premiums from taxable income. This change could provide significant financial relief for many taxpayers, encouraging more individuals to secure health coverage. The bill is currently under review by the appropriate legislative committee.

Compiled from official sources — confirm details with the bill’s official record.

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