Search Results: keywords:"saver's credit"

  • 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. 2852 — To amend the Internal Revenue Code of 1986 to allow students to take the saver’s credit and receive the saver’s match.
    Status:Introduced in House
    Words:430

    The Expanded Student Saver’s Tax Credit Act (H.R. 2852) seeks to modify the Internal Revenue Code of 1986 to permit full-time students to qualify for the saver’s credit and match. It changes current provisions to allow students who are claimed as dependents by someone else...

    Simple Explanation

    The Expanded Student Saver’s Tax Credit Act wants to let students get extra money help when they save, even if someone else helps pay for their schooling. It's like giving students a reward for saving money, even if their parents are also supporting them.