Sec. 507. Increasing access to tax-free care
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Section 223(e)(4)(A) of the Internal Revenue Code of 1986 is amended by striking 20 percent and inserting 10 percent . Section 223(d)(2) of the Internal Revenue Code of 1986 is amended by adding at the end the following new subparagraph: During calendar year 2020, subparagraph
(A)shall be applied without regard to the requirement that medical care be for the individual, the spouse of such individual, and any dependent (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof) of such individual. . Section 223(f)(5) of such Code is amended by adding at the end the following new subparagraph: Notwithstanding the preceding provisions of this paragraph, an amount is described in this paragraph as a rollover contribution in the case of a taxable year beginning in 2020, and paragraph
(2)shall not apply to any amount paid or distributed from a health savings account of a beneficiary to a health savings account of an individual (without regard to whether the individual is such beneficiary, the spouse of such beneficiary, or any dependent (as defined in section 152, determined without regard to subsections (b)(1), (b)(2), and (d)(1)(B) thereof) of such beneficiary), to the extent— the amount received is paid into the health savings account for the benefit of such individual not later than the 60th day after the day on which the account beneficiary receives the payment or distribution, and the aggregate amount of such transfers to all other individuals does not exceed $2,020 in 2020. . The amendments made by this section shall apply to taxable years beginning after December 31, 2019.