New Rules: Wearable Devices as Tax-Deductible Medical Expenses.
This act allows certain wearable devices, like health-monitoring smartwatches, to be purchased using health savings accounts (HSAs) and other similar spending arrangements. This means citizens can use their tax-free funds for health-related technology, up to $375 per year. These changes will take effect after December 31, 2025.
Key points
Ability to purchase wearable devices (e.g., health smartwatches) using HSAs and other health spending programs.
A spending limit of $375 per year for these devices, which can be paid with tax-free funds.
The act aims to improve access to health monitoring technology and support disease prevention.
Introduced
Citizen Poll