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

This proposal would let people subtract what they pay for health insurance premiums from their income before taxes. You could do this even if you don’t itemize deductions. It applies to coverage for yourself, your spouse, and your dependents, which could lower your taxable income and your tax bill.

Key points:

• Who is affected: Individuals who pay health insurance premiums for themselves, a spouse, and dependents.
• What changes: Creates an “above-the-line” tax deduction for those premiums, so you don’t need to itemize to claim it.
• Why it matters: Could reduce taxable income and make health coverage more affordable after taxes.