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S. 503

BillFederalSenateIn Committee
A bill to amend the Internal Revenue Code of 1986 to provide the opportunity for responsible health savings to all American families.
About This Bill
Committee
Latest Action · February 14, 2019
Read twice and referred to the Committee on Finance.
Congress
116th (2019–2021)
Introduced
February 14, 2019
Cosponsors (2)
1D 1R
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Summary

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Responsible Additions and Increases to Sustain Employee Health Benefits Act of 2019 This bill modifies the tax exclusion for distributions from health flexible spending arrangements provided to employees under a cafeteria plan to (1) increase the annual limit on employee salary reduction contributions to $5,000, with an additional $500 for each additional employee dependent above two dependents that has not been taken into account by another person for the year; (2) revise the adjustment for inflation after 2019; and (3) allow a carryforward into the next year for unused amounts in such plans.

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