Bill · H.R. 2745· House(119-HR-2745)
Catch Up Act
- Introduced
- 4/8/2025
- Last activity
- 4/8/2025 — Referred to the House Committee on Ways and Means.
- Sponsored by
- W. Steube
- Cosponsors
- - 1 - 0
- Introduced
- In Committee
What this bill would do
This bill, titled the "Catch Up Act," aims to amend the Internal Revenue Code of 1986. It seeks to allow married spouses to make catch-up contributions to the same health savings account. The legislation changes how limitations are applied when both spouses have family coverage under high deductible health plans. It also addresses how contribution limits are divided between spouses. These changes would take effect for taxable years beginning after December 31, 2025.
Yes
Would people over 65 be better off under this?+5
The bill specifically benefits spouses aged 55 or older by allowing them to divide catch-up contributions.
Would retired people be better off under this?+5
The increased catch-up flexibility assists those approaching or in retirement through improved health savings management.
Does this cut taxes for middle-income families?+3
The bill provides tax-advantaged savings flexibility which can reduce the overall tax burden for married couples.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Spousal Contribution Flexibility: The bill allows spouses to divide contribution limitations equally or agree on a different division, which provides flexibility for married couples managing a single health savings account (Section 2, subparagraph A, clause iii).
-
Increased Catch-Up Amounts for Older Spouses: If both spouses are age 55 or older before the end of the taxable year, the ability to divide the contribution limit includes the additional contribution amounts determined under paragraph (3) (Section 2, subparagraph B).
Potential Negative Impacts for People
- No specific negative impacts are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Retirees+5Good For Seniors+5
- Economy And Finance
- Reduces Middle Class Taxes+3
- 4/8/2025
- Referred to the House Committee on Ways and Means.
- 1 Cosponsor added.
- Introduced in House
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
J. HillRepublican · Arkansas