Blogging Employee Benefits

February 3, 2006

Tax Extenders Approved by Senate

Filed under: Legislation — Fuguerre @ 9:45 am

The Senate has approved the Tax Relief Extension Reconciliation Act of 2005 [H.R. 4297]. Of passing interest to BeneBlog –

  • Archer MSAs – 2005 deadline extended to 2006. Raise your hand if this made any difference to your plans for the year.
  • Mental Health Parity – 12/31/2005 extended to 12/31/2006. Deja vu! Didn’t we just have this one extended by P.L. 109-151?
  • Saver’s Credit – Relating to elective deferrals and IRA contributions by certain individuals, per IRC 25B(h): 12/31/2006 extended to 12/31/2008.


  1. Any idea of where S 2020 is? It would extend the saver’s credit to the end of 2009.

    Comment by JHM — February 3, 2006 @ 12:45 pm

  2. Just an opinion, but I think S. 2020 orphaned. Its version of the saver’s credit was mentioned during the Senate’s consideration of H.R. 4297 (see CR S387ff), and might come back around in conference. Otherwise, my bet would be on the 2008 of this latest pass at it, with eventual further extension almost certain two years from now.

    Comment by Fuguerre — February 4, 2006 @ 8:12 am

  3. House conferees were appointed for H.R. 4297 yesterday.

    Opinion: Saver’s Credit will more likely follow the 2-year extension of H.R. 4297 than the 3-year one of S. 2020, due to the cost. Although I do still think it will eventually be extended to 2009 and beyond anyway.

    Comment by Fuguerre — February 9, 2006 @ 9:08 am

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