Family Savings for Kids and Seniors Act

Hozzl · 2023-12-30T08:15:17Z

Explore the details of House Bill 5036 Family Savings for Kids and Seniors Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2023, 8:15 AM

Congress

118

Number

HR - 5036

Introduced on

2023-07-27

# Amendments

Variations and Revisions

7/27/2023

Text

PDF

XML

Status of Legislation

Bill Introduced

Introduced to House

House to Vote

Introduced to Senate

Senate to Vote

Purpose and Summary

Family Savings for Kids and Seniors Act

This bill provides an annual inflation adjustment after 2023 to the $5,000 tax exclusion for employer-provided dependent care assistance.

Alternative Names

Official Title as IntroducedTo amend the Internal Revenue Code of 1986 to increase the exclusion for employer-provided dependent care assistance including the limitation on dependent care flexible spending arrangements.

Policy Areas

Taxation

Comments

Recent Activity

Latest Summary9/26/2023

Family Savings for Kids and Seniors Act

This bill provides an annual inflation adjustment after 2023 to the $5,000 tax exclusion for employer-provided dependent care assistance.

Latest Action7/27/2023

Referred to the House Committee on Ways and Means.