Search Results: keywords:"archer msas"

  • H. R. 2745 — To amend the Internal Revenue Code of 1986 to allow both spouses to make catch-up contributions to the same health savings account.
    Status:Introduced in House
    Words:502

    The bill H. R. 2745 proposes changes to the Internal Revenue Code of 1986 to allow both spouses to contribute catch-up amounts to the same health savings account (HSA) if they are eligible and have family coverage. It specifies that certain limitations apply, such as only...

    Simple Explanation

    The bill H. R. 2745 wants to let both a husband and wife put extra money into the same special savings account for health costs, but it will only start working after December 2025. It has some tricky parts about how much they can put in and doesn't really say what happens if they can't agree on the details.

  • H. R. 138 — To amend the Internal Revenue Code of 1986 to allow expenses for parents to be taken into account as medical expenses, and for other purposes.
    Status:Introduced in House
    Words:461

    H.R. 138, known as the “Lowering Costs for Caregivers Act of 2025,” proposes to amend the Internal Revenue Code of 1986, allowing parents' expenses to count as medical expenses for tax purposes. The bill permits individuals to use health savings accounts, flexible spending arrangements, and...

    Simple Explanation

    H.R. 138 is a bill that wants to make it possible for people to use special savings for health costs to help pay for their parents' medical expenses, kind of like buying a gift for mom or dad from their savings. This plan would start in 2025 and is like a new rule that says caring for parents is an important expense too!