Lowering Costs for Caregivers Act of 2025 allows parents' medical expenses to be deducted as medical expenses.

The Lowering Costs for Caregivers Act of 2025 amends the Internal Revenue Code to include parents' medical expenses as deductible medical expenses. This applies to health savings accounts, flexible spending arrangements, and health reimbursement arrangements. The changes will take effect for expenses incurred after December 31, 2024.

Lowering Costs for Caregivers Act of 2025 allows parents' medical expenses to be deducted as medical expenses.

The Lowering Costs for Caregivers Act of 2025 amends the Internal Revenue Code to include parents' medical expenses as deductible medical expenses. This applies to health savings accounts, flexible spending arrangements, and health reimbursement arrangements. The changes will take effect for expenses incurred after December 31, 2024.