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Family Savings Flexibility Act

USA116th CongressHR-7008| House 
| Updated: 5/22/2020
Brad R. Wenstrup

Brad R. Wenstrup

Republican Representative

Ohio

Cosponsors (3)
Mike Kelly (Republican)Cynthia Axne (Democratic)Josh Gottheimer (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on Ways and Means.
  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on Ways and Means.

Taxation

Related Bills

  • HR 116-7666: Family Savings Flexibility Act
Employee benefits and pensionsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionMarriage and family statusTax treatment of families

Family Savings Flexibility Act

USA116th CongressHR-7008| House 
| Updated: 5/22/2020
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 22, 2020
Introduced in House
May 22, 2020
Referred to the House Committee on Ways and Means.
  • May 22, 2020
    Introduced in House


  • May 22, 2020
    Referred to the House Committee on Ways and Means.
Brad R. Wenstrup

Brad R. Wenstrup

Republican Representative

Ohio

Cosponsors (3)
Mike Kelly (Republican)Cynthia Axne (Democratic)Josh Gottheimer (Democratic)

Ways and Means Committee

Taxation

Related Bills

  • HR 116-7666: Family Savings Flexibility Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsHealth care costs and insuranceIncome tax deductionsIncome tax exclusionMarriage and family statusTax treatment of families