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Kiplinger

Business

Kelley R. Taylor

Is a New $25,000 Health Care Tax Deduction Coming in 2026?

Josh Hawley Health Care Tax Deduction ACA Republican Party

The US Capitol building on a sunny day.

Sen. Josh Hawley (R-Mo.) is pushing a new “No Taxes on Healthcare Act” that would let households deduct up to $25,000 in out‑of‑pocket medical costs, including health insurance premiums they pay themselves.

This proposed deduction would be in addition to the standard deduction, which most taxpayers currently claim.

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