H. R. 74 seeks to amend the Internal Revenue Code to allow individuals to make tax-advantaged withdrawals from their health savings accounts (HSAs) during times when they are on family or medical leave. The bill defines these periods as "qualified caregiving" and excludes...
Simple Explanation
H. R. 74 is a bill that wants to let people use their special health savings money without paying extra taxes when they take time off from work to care for someone or because they're sick. It also wants to let more people save more money in these accounts without needing a specific kind of health plan.