Lowering Costs for Caregivers Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 33
- Latest action
- Jan 3, 2025
What it does
The Lowering Costs for Caregivers Act of 2025 would amend the Internal Revenue Code to allow taxpayers to use funds from health savings accounts (HSAs), flexible spending arrangements (FSAs), health reimbursement arrangements (HRAs), and Archer MSAs to pay for qualified medical expenses of their parents or their spouse’s parents without those expenses being treated as taxable income. The bill expands the definition of eligible dependents for these tax-advantaged accounts to include parents, thereby reducing out-of-pocket healthcare costs for caregivers. These changes would apply to expenses incurred or amounts paid after December 31, 2024. The bill affects individuals who contribute to or…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.