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Rep. Axne Urges Passage of Her Legislation to Help Iowa Families Keep up with Rising Child Care Costs

Today, Rep. Cindy Axne (IA-03) wrote to Congressional leaders to urge them to bring up and pass her bipartisan and bicameral legislation that would expand Iowa families’ ability to pay for child care expenses by permanently doubling the amount of money families can place in dependent care assistance plans (DCAPs). The Improving Child Care for Working Families Act would ....

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Several states consider gas-powered equipment ban

CBS News reports New York and Illinois are weighing bans on gas-powered lawn equipment. ....

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COVID relief bill will let FSA money roll over into 2021 — a win for parents and those with live-in elderly loved ones

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Late December is when many Americans rush to spend any money left in their Flexible Spending Accounts â those workplace plans funded during the year to pay medical expenses. The stimulus package, which President Trump signed Sunday, will give these workers a temporary reprieve.Â
One of the many provisions in the stimulus package allows those who have FSAs to roll over the remainder of their accounts from 2020 to 2021 and from 2021 to 2022. The same rules apply to Dependent Care FSAs, which are similar plans that benefit an employeeâs dependents, such as a young child or an elderly parent.Â
Workers could set aside up to $2,750 in pretax funds for individuals in Health FSAs and up to $5,000 per family, also before taxes, for dependent care FSAs in 2020. Under normal circumstances, the use-or-lose provisions in these plans generally require that the money be spent by year-end or be forfeited.Â ....

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