Search Results: keywords:"rollovers"

  • H. R. 6857 — To amend the Internal Revenue Code of 1986 to modernize health savings accounts, and for other purposes.
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    Status:Introduced in House
    Words:7,384

    H. R. 6857 aims to update the Internal Revenue Code of 1986 to improve health savings accounts (HSAs). The bill proposes increasing contribution limits, allowing more types of insurance plans to be eligible for HSAs, and permitting rollovers from other accounts like FSAs and...

    Simple Explanation

    The bill wants to make it easier for people to save money for doctor's visits and medicine by letting them put more money in special piggy banks called Health Savings Accounts (HSAs). It also tries to make rules clearer so that more people and companies can help put money in these piggy banks and know how to use them.

  • H. R. 9614 — To amend the Internal Revenue Code of 1986 to make certain provisions with respect to qualified ABLE programs permanent.
    Status:Introduced in House
    Words:353

    The bill, H.R. 9614, titled the “Ensuring Nationwide Access to a Better Life Experience Act” or the “ENABLE Act,” aims to make certain provisions for ABLE (Achieving a Better Life Experience) programs permanent under the Internal Revenue Code. It seeks to remove the...

    Simple Explanation

    The bill wants to let people keep putting more money in special savings accounts for people with disabilities without any end date, and it also lets them move money from certain college savings accounts into these special accounts. This means saving and planning for the future would be easier for them.