HR 6507
117th Congress
House
Taxation
Child Health Savings Account Act of 2022
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 25, 2022
Referred to the House Committee on Ways and Means.
Jan 25, 2022
Introduced in House
Plain-English summary
Child Health Savings Account Act of 2022
This bill allows for the establishment of child health savings accounts for the benefit of the minor children of a taxpayer. These accounts provide for a tax deduction for amounts paid in cash, up to $3,000 in a taxable year, by an individual taxpayer to such accounts.
The bill sets forth rules for the taxation of distributions from such accounts for children under and over the age of 18 years and allows for exceptions to such rules in the case of the disability or death of a child.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1