H.R.2436

HB2436 amends the Internal Revenue Code to allow tax-free distributions from health savings accounts for funeral expenses of the account beneficiary.

HB2436 amends the Internal Revenue Code to treat distributions from health savings accounts for funeral expenses of the account beneficiary as qualified distributions, exempting them from income tax. Funeral expenses include burial, cremation, embalming, interment, or inurnment of the remains, preparation of the remains, and other related services. The aggregate amount treated as funeral expenses is capped at $5,000. These changes apply to amounts paid after the enactment date of the Act, in taxable years ending after such date.