H.R. 4558 — Introduced in House

I 117th CONGRESS 1st Session H. R. 4558 IN THE HOUSE OF REPRESENTATIVES July 20, 2021Mr. Delgado (for himself and Ms. Salazar) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to allow the deduction for health insurance costs in computing self-employment taxes. 1. Short title This Act may be cited as the Tax Fairness for the Self-Employed Act of 2021. 2. Deduction for health insurance costs allowed in computing self-employment taxes (a) In general 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). (b) Effective date The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.