COVID–19 Youth Sports and Healthy Working Families Relief Act
Summary
Introduced in July 2020, this bill aims to provide financial relief to families and youth sports organizations struggling with the economic impact of the COVID-19 pandemic. It would expand the Child and Dependent Care Tax Credit to include youth physical activities and allow parents to use Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) to pay for sports and fitness expenses. Additionally, the legislation would double the maximum household contribution for dependent care accounts and establish a dedicated loan program to help youth sports providers maintain their operations and programs.
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