H.R. 10808: Savings for Tomorrow’s Opportunities, Raising Kids Act

This bill would let certain parents put extra money into a health savings account (HSA) when they have a child through birth or adoption.

What changes it would make

• For each qualifying child who is born to, adopted by, or placed for adoption with a person during the tax year, the bill would increase that person’s annual HSA contribution limit by $2,000.
• If the parents are married and both are eligible to contribute to an HSA, they could split that extra $2,000 between them in any way they choose, but the total increase for that child could not be more than $2,000.
• The extra contribution would only apply once per child. If a taxpayer or spouse already received this increase for that child in a prior year, they could not receive it again for the same child.
• For this purpose, a “qualifying child” means a child under age 18 at the end of the tax year.

Tax treatment and indexing

• The bill would also update the HSA inflation-adjustment rules so this new $2,000 amount can be adjusted over time.
• The additional contribution amount would be tied to calendar year 2026 for inflation indexing purposes.

When it would take effect

• The changes would apply to taxable years beginning after December 31, 2026.

Relevant Companies

None found