Amends GS 105-153.5, making clarifying changes to itemized deduction amounts, and enacting new GS 105-153.5(a)(2)c providing for a medical expenses itemized individual income tax deduction. Provides that the deduction  is for the amount allowed pursuant to Section 213 of the U.S. Internal Revenue Code for medical expenses incurred for a person who is 65 years old or older before the close of the taxpayer's taxable year. 

Effective beginning on or after January 1, 2015.