H.R. 2436 proposes changes to the Internal Revenue Code to allow individuals to use money from their health savings accounts (HSAs) for funeral expenses without any penalties, treating these distributions as qualified expenses. The bill defines "funeral expenses" broadly,...
Simple Explanation
H.R. 2436 wants to let people use money from their special savings accounts for health to pay for funeral costs without getting in trouble for using it, but they can only use up to $5,000. It also gives them three months after someone passes away to pay those costs, which might be tricky if things take longer.