SB 1137: Personal income tax: deduction: medical expenses.

The bill aims to amend the tax deduction for medical expenses in California. The current deduction allows individuals to subtract medical expenses exceeding 7.5% of their federal adjusted gross income from their taxable income. The bill would reduce this threshold to 4% of federal adjusted gross income for taxable years beginning on or after January 1, 2026. This change would take effect immediately as a tax levy. The bill also includes findings and declarations relating to the goals of expanding the deduction, but these are not relevant to the tax implications.