US HB7008 | 2019-2020 | 116th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on May 22 2020 - 25% progression, died in committee
Action: 2020-05-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 22 2020 - 25% progression, died in committee
Action: 2020-05-22 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
(1) increases to $2,750 the maximum amount of unused benefits or contributions remaining in a health flexible or dependent care spending arrangement that may be carried over from the 2020 to the 2021 plan year, (2) increases the maximum contribution amount for health savings accounts, and (3) increases for taxable years beginning in 2020, the exclusion from employee gross income of employer-paid dependent care assistance.
Title
Family Savings Flexibility Act
Sponsors
| Rep. Brad Wenstrup [R-OH] | Rep. Cindy Axne [D-IA] | Rep. Mike Kelly [R-PA] | Rep. Josh Gottheimer [D-NJ] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-05-22 | House | Referred to the House Committee on Ways and Means. |
| 2020-05-22 | House | Introduced in House |
Same As/Similar To
HB7666 (Related) 2020-07-29 - Referred to the Subcommittee on Select Revenue Measures.
Subjects
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Income tax exclusion
Marriage and family status
Tax treatment of families
Taxation
Health care costs and insurance
Income tax deductions
Income tax exclusion
Marriage and family status
Tax treatment of families
Taxation
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/7008/all-info |
| Text | https://www.congress.gov/116/bills/hr7008/BILLS-116hr7008ih.pdf |
