H.R. 138

119th CONGRESS 1st Session

To amend the Internal Revenue Code of 1986 to allow expenses for parents to be taken into account as medical expenses, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES · January 3, 2025 · Sponsor: Mr. Buchanan · Committee: Committee on Ways and Means

Table of contents

• H.R. 138
  • SEC. 1. Short title
  • SEC. 2. Health savings accounts
  • SEC. 3. Flexible spending and health reimbursement arrangements
  • SEC. 4. Archer MSAs

SEC. 1. Short title

• This Act may be cited as the Lowering Costs for Caregivers Act of 2025.

SEC. 2. Health savings accounts

• (a) In general
  • Subparagraph (A) of of the Internal Revenue Code of 1986 is amended by inserting after . section 223(d)(2)
• (b) Effective date
  • The amendment made by this section shall apply to amounts paid after December 31, 2024.

SEC. 3. Flexible spending and health reimbursement arrangements

• (a) In general
  • Subsection (b) of of the Internal Revenue Code of 1986 is amended by adding at the end the following: . A health flexible spending arrangement or health reimbursement arrangement shall not fail to be treated as meeting the requirements of this subsection or section 106, and no amount shall be included in gross income of the taxpayer, solely because, under the arrangement, the taxpayer may use amounts contributed to such arrangement for medical care (as defined in section 213(d), without regard to paragraph (1)(D) thereof) for a parent of the taxpayer or of the spouse of the taxpayer. section 105
• (b) Effective date
  • The amendment made by this section shall apply to expenses incurred after December 31, 2024.

SEC. 4. Archer MSAs

• (a) In general
  • Subparagraph (A) of of the Internal Revenue Code of 1986 is amended by inserting after . section 220(d)(2)
• (b) Effective date
  • The amendment made by this section shall apply to amounts paid after December 31, 2024.