What does Preamble of HR 138 do?

This bill proposes to amend the Internal Revenue Code of 1986. The amendment would allow expenses for parents to be considered as medical expenses. The bill is referred to the Committee on Ways and Means.

What does SHORT TITLE. of HR 138 do?

This bill is formally titled the Lowering Costs for Caregivers Act of 2025.

What does HEALTH SAVINGS ACCOUNTS. of HR 138 do?

This section amends section 223(d)(2) of the Internal Revenue Code of 1986. The amendment inserts language regarding 'any parent of either such individual or such spouse'. The amendment applies to amounts paid after December 31, 2024.

What does FLEXIBLE SPENDING AND HEALTH REIMBURSEMENT ARRANGEMENTS. of HR 138 do?

This section amends section 105 of the Internal Revenue Code of 1986. The amendment clarifies that health flexible spending arrangements or health reimbursement arrangements will not fail to meet requirements or result in taxable income solely because funds are used for medical care of a taxpayer's parent or their spouse's parent. Medical care is defined as in section 213(d), without regard to paragraph (1)(D) thereof. The amendment applies to expenses incurred after December 31, 2024.

What does ARCHER MSAS. of HR 138 do?

This section amends section 220(d)(2) of the Internal Revenue Code of 1986. The amendment inserts language regarding parents of individuals or their spouses. The amendment applies to amounts paid after December 31, 2024.

Back to bills

Lowering Costs for Caregivers Act of 2025 — HR. 138

Last updated: 1/3/2025 · Introduced: 1/3/2025

Author: Vern Buchanan (R-FL)

TL;DR (AI)

This bill allows parents' medical expenses to be considered as medical expenses for tax purposes.
It clarifies that using funds from flexible spending and health reimbursement arrangements for a parent's medical care will not result in taxable income.
The bill expands eligibility for health savings accounts and Archer MSAs to include expenses for parents.

119th Congressin committeeS. 1565(In Committee)Official page

Verified Votes

No verified votes yet.

Community Votes

No community votes yet. Be the first!

Voting as guest · Sign in for verified votes

Other Sections

Includes provisions on preamble, short title., and 3 more.

5 sections

Click "Show details" to explore individual sections. Use the community vote above or visit All Sections to vote per section.

Read official text

Want the full experience?

Create a free account to cast verified votes on each section, get a personalized summary, and track your voting history.

Create Free Account