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Stefanik co-sponsors 'parental family leave savings account' legislation

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U.S. Reps. Elise Stefanik, R-Willsboro, and Kyrsten Sinema, D-Ariz., are original co-sponsors of legislation Rep. John Katko, R-Camillus, introduced May 18 to establish a federal tax deduction for deposits into “parental family leave savings accounts.”

Individuals with household annual income of $250,000 or less would be able to deduct up to $6,750 per year, and up a total of $24,000 over multiple years, into a savings account dedicated for use when taking a parental leave from employment, under the proposed legislation – HR 2533.

Follow staff writer Maury Thompson at All Politics is Local blog, at PS_Politics on Twitter and at Maury Thompson Post-Star on Facebook.

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