New York A01048 expands the state personal income tax deduction for medical expenses to include medical insurance premiums and long-term care.

New York A01048 amends the state tax law to increase the personal income tax deduction for medical expenses. Beginning in 2025, taxpayers can now include the amount they spent on medical insurance premiums and long-term care premiums in their qualifying medical expenses. This change aims to provide greater tax relief for New York taxpayers facing significant healthcare costs.

New York A01048 expands the state personal income tax deduction for medical expenses to include medical insurance premiums and long-term care.

New York A01048 amends the state tax law to increase the personal income tax deduction for medical expenses. Beginning in 2025, taxpayers can now include the amount they spent on medical insurance premiums and long-term care premiums in their qualifying medical expenses. This change aims to provide greater tax relief for New York taxpayers facing significant healthcare costs.