What does Preamble of GRACE for Military Survivors Act do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment aims to extend the time period for contributing military death benefits to Roth IRAs and Coverdell education savings accounts.

What does SHORT TITLE. of GRACE for Military Survivors Act do?

This bill is formally titled the GRACE for Military Survivors Act.

What does EXTENSION OF TIME PERIOD FOR CONTRIBUTION OF MILITARY DEATH of GRACE for Military Survivors Act do?

This section amends sections 408A(e)(2)(A) and 530(d)(9)(A) of the Internal Revenue Code of 1986. The amendments change a '1-year period' to a '3-year period' within these sections. The changes apply to amounts received under section 1477 of title 10, United States Code, or section 1967 of title 38 of the United States Code, on or after the date of enactment. Contributions made between October 7, 2001, and before enactment are also affected, provided they are made before the later of three years after receipt or one year after enactment.

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GRACE for Military Survivors Act

Last updated: 6/25/2026 · Introduced: 6/25/2026

Author: Mike Thompson (D-CA)

TL;DR (AI)

The GRACE for Military Survivors Act extends the deadline for military survivors to contribute death benefits to Roth IRAs and Coverdell education savings accounts from one year to three years.
This bill retroactively applies the three-year contribution period to amounts received between October 7, 2001, and the bill's enactment, provided contributions are made within three years of receipt or one year of enactment.
The Act amends the Internal Revenue Code to modify contribution timelines for benefits received under specific military and veterans' programs.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

3 sections

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