HR 7008 · 116th Congress · Taxation

Family Savings Flexibility Act

Introduced 2020-05-22· Sponsored by Rep. Wenstrup, Brad R. [R-OH-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2020-05-22)

Plain Language Summary

[AI summary unavailable — showing source text] Family Savings Flexibility Act This bill (1) increases to $2,750 the maximum amount of unused benefits or contributions remaining in a health flexible or dependent care spending arrangement that may be carried over from the 2020 to the 2021 plan year, (2) increases the maximum contribution amount for health savings accounts, and (3) increases for taxable years beginning in 2020, the exclusion from employee gross income of employer-paid dependent care assistance.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

2 Democrats1 Republican