Colorado HB 22-1163: State Income Tax Deduction for Medical Expenses
February 10, 2022
On Friday, February 4, 2022, Colorado House Bill 22-1163 was introduced in response to growing out-of-pocket medical expenses in the state. These expenses are expected to increase by nearly ten percent per year over the next five years. Up to five hundred thousand Coloradans may lose their coverage under Medicaid in the near future, resulting in substantially more out-of-pocket medical expenses.…