H. R. 4558
IN THE HOUSE OF REPRESENTATIVES
July 20, 2021
Mr. Delgado (for himself and Ms. Salazar) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to allow the deduction for health insurance costs in computing self-employment taxes.
This Act may be cited as the
Tax Fairness for the Self-Employed Act of 2021.
Deduction for health insurance costs allowed in computing self-employment taxes
Subsection (l) of section 162 of the Internal Revenue Code of 1986 is amended by striking paragraph (4) and by redesignating paragraph (5) as paragraph (4).
The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.