https://www.taxtmi.com/acts?id=32027 The provision raises the monetary ceiling for health insurance premium deductions and removes qualifying language previously applying to certain senior citizens and the qualifier "very." It inserts a new rule allowing lump-sum premium payments for multi-year policies to be deducted across the relevant previous years by applying an "appropriate fraction" equal to one over the number of relevant previous years, with "relevant previous year" defined to include the year of payment and subsequent years while the insurance remains in force. en-us Mon, 19 Mar 2018 14:47:43 +0530 Mon, 19 Mar 2018 14:47:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32027 The provision raises the monetary ceiling for health insurance premium deductions and removes qualifying language previously applying to certain senior citizens and the qualifier "very." It inserts a new rule allowing lump-sum premium payments for multi-year policies to be deducted across the relevant previous years by applying an "appropriate fraction" equal to one over the number of relevant previous years, with "relevant previous year" defined to include the year of payment and subsequent years while the insurance remains in force. Act-Rules F. Acts / Amendment Acts Mon, 19 Mar 2018 14:47:43 +0530 https://www.taxtmi.com/acts?id=32027