ID H0653

Adds a new deduction (subsection q) to Idaho Code Section 63-3022 allowing individuals to deduct unreimbursed prescription drugs, health care, and medical services that qualify under federal tax code section 213.

Deductible amounts include doctor visits, hospital stays, co-pays, deductibles, physical therapy, chiropractic services, and other licensed health profession services under Idaho Code title 54.

Requires taxpayers to account for the 7.5% or 10% threshold for medical expenses applied under federal tax law before claiming the deduction.

Excludes payments for over-the-counter drugs or therapies from the deduction.

Takes effect January 1, 2015.