California AB1282 allows a tax deduction for out-of-pocket medical costs up to $5,000 for taxable years 2025-2029.

California AB1282 amends the Personal Income Tax Law to allow a deduction for out-of-pocket medical costs not covered by insurance, up to $5,000, for taxable years beginning on or after January 1, 2025, and before January 1, 2030. The deduction reduces other allowable deductions by the same amount. The Franchise Tax Board must report annually on the number of taxpayers and average deduction value to the Legislature. The act expires on December 1, 2030.

California AB1282 allows a tax deduction for out-of-pocket medical costs up to $5,000 for taxable years 2025-2029.

California AB1282 amends the Personal Income Tax Law to allow a deduction for out-of-pocket medical costs not covered by insurance, up to $5,000, for taxable years beginning on or after January 1, 2025, and before January 1, 2030. The deduction reduces other allowable deductions by the same amount. The Franchise Tax Board must report annually on the number of taxpayers and average deduction value to the Legislature. The act expires on December 1, 2030.