Lowering Costs for Caregivers Act of 2025 allows parents to be considered as dependents for medical expense deductions.

The Lowering Costs for Caregivers Act of 2025 amends the Internal Revenue Code to include parents as eligible dependents for medical expense deductions. This change applies to expenses incurred after December 31, 2024, and affects health savings accounts, flexible spending arrangements, and health reimbursement arrangements.

Lowering Costs for Caregivers Act of 2025 allows parents to be considered as dependents for medical expense deductions.

The Lowering Costs for Caregivers Act of 2025 amends the Internal Revenue Code to include parents as eligible dependents for medical expense deductions. This change applies to expenses incurred after December 31, 2024, and affects health savings accounts, flexible spending arrangements, and health reimbursement arrangements.