Lowering Costs for Caregivers Act of 2025 allows parents to be included in medical expense deductions.
The Lowering Costs for Caregivers Act of 2025 amends the Internal Revenue Code to include parents as eligible for medical expense deductions. This means parents can now use health savings accounts, flexible spending arrangements, and health reimbursement arrangements for their own medical care. The changes apply to expenses incurred after December 31, 2024.
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