Family Savings for Kids and Seniors Act

House Bill 5036 - Family Savings for Kids and Seniors Act: Overview, Status, and Impact

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

Congressional Summary of HR 5036

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 5036

Bill HR 5036 is currently in the status of Bill Introduced since July 27, 2023. Bill HR 5036 was introduced during Congress 118 and was introduced to the House on July 27, 2023. Bill HR 5036's most recent activity was Referred to the House Committee on Ways and Means. as of July 27, 2023

Bipartisan Support of Bill HR 5036

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 5036

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 5036

Family Savings for Kids and Seniors Act

To 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.