Adds $2,000 health savings deposit for a new child

People with a health savings account could put in $2,000 more than the usual limit for the year a child is born or adopted, starting with tax years after 2026.

• Extra $2,000 allowed above the normal yearly limit for each child born or adopted
• A married couple shares one $2,000 amount per child
• Applies to children under 18 and only once per child, in the year of birth or adoption
• The $2,000 amount would be adjusted for inflation after 2027

In committee

Read the full bill