Budget & Taxes (Sales Tax · Seniors)

This bill allows seniors to use tax-free health savings account (HSA) funds for qualified home care services. It defines "qualified home care" as contracts providing three or more specific personal care services (like assistance with bathing, dressing, or medication) from state-licensed providers. The policy change directly affects seniors needing home care who use HSAs, excluding family-provided care and requiring state licensing compliance. A public awareness campaign will also inform seniors about eligible services.

This bill eliminates federal income tax on Social Security benefits for seniors. It repeals the current tax treatment of Social Security payments by amending the Internal Revenue Code, meaning seniors receiving benefits would no longer pay taxes on those payments. To protect Social Security trust funds from revenue loss, the bill appropriates funds from the Treasury equal to the lost tax revenue each year. The legislation explicitly states Congress does not intend to use tax increases to cover these costs.