H.R. 720 proposes changes to the Internal Revenue Code of 1986 to prevent certain abortions from being classified as qualified medical expenses for tax purposes. Specifically, it forbids using funds from Health Savings Accounts (HSAs), Archer Medical Savings Accounts (MSAs), health flexible...
Simple Explanation
H.R. 720 wants to change the tax rules to say that people can't use certain savings accounts to pay for most abortions with just a few exceptions, like if the mom's life is in danger. This would start happening in the year 2026.