HR 7008
116th Congress
House
Taxation
Employee benefits and pensions
Health care costs and insurance
Income tax deductions
Income tax exclusion
Marriage and family status
Tax treatment of families
Family Savings Flexibility Act
Introduced: May 22, 2020
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2020
Referred to the House Committee on Ways and Means.
May 22, 2020
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1