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United States · Bill · HR

H.R. 5189 (101st)

Elderly Americans' Economic Security Act of 1990

referredUnited States· United States Congress· EN

Introduced

28 June 1990

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

26 August 2025

Summary

Elderly Americans' Economic Security Act of 1990 - Amends the Internal Revenue Code to allow a tax deduction for qualified elderly care expenses which exceed five percent of the taxpayers adjusted gross income. Allows a charitable deduction to physicians and registered professional nurses for medical services or goods donated to elderly individuals. Allows tax-free withdrawals from individual retirement accounts to pay long-term care expenses or to purchase insurance covering such expenses.

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Documents

2 official files

Introduced in House (text)

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