The Catch Up Act modifies tax rules for health savings accounts (HSAs) to allow both spouses to make "catch-up" contributions to the same HSA when they have family health coverage under a high-deductible health plan. Currently, spouses can only divide a single contribution limit between them, but this bill would let both spouses contribute additional catch-up amounts (available to those age 55 and older) without splitting that extra money. The change applies only when both spouses are eligible for HSAs and at least one has family coverage. The bill becomes effective for tax years beginning after December 31, 2025, meaning it first applies to the 2026 tax year. This legislation primarily benefits married couples with high-deductible health plans who want to save more for medical expenses through tax-advantaged accounts.
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