Search Results: keywords:"hsa contribution limits"

  • H. R. 74 — To amend the Internal Revenue Code of 1986 to allow for tax-advantaged distributions from health savings accounts during family or medical leave, and for other purposes.
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    Status:Introduced in House
    Words:973

    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.

  • H. R. 810 — To amend the Internal Revenue Code of 1986 to expand and improve health savings accounts, and for other purposes.
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    Status:Introduced in House
    Words:2,235

    H.R. 810, titled the “Personalized Care Act of 2025,” proposes amendments to the Internal Revenue Code of 1986. The bill aims to expand and improve health savings accounts (HSAs) by broadening eligibility criteria, increasing contribution limits, allowing HSAs to pay for health insurance...

    Simple Explanation

    The bill wants to let people put more money into their special health savings piggy banks, use those savings to help pay for things like doctor fees and health insurance, and not punish them as much if they take money out for the wrong reasons.

  • H. R. 9141 — To amend the Internal Revenue Code of 1986 to expand eligibility for health savings accounts, and for other purposes.
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    Status:Introduced in House
    Words:894

    H.R. 9141, titled the "Increasing Value for Families with HSAs Act of 2024," seeks to change the Internal Revenue Code to allow more people to qualify for health savings accounts (HSAs). Currently, only individuals with a high deductible health plan qualify, but this bill...

    Simple Explanation

    In this bill, Congress wants to make it so more people can use special savings accounts for health care by allowing anyone with insurance to join, not just those with certain plans. They also want to let people save a lot more money in these accounts each year.