What does Preamble of Improving Retirement Security for Family Caregivers Act of 2026 do?

This bill proposes to amend the Internal Revenue Code of 1986. The proposed amendment would allow certain family caregivers to contribute to a Roth IRA.

What does SHORT TITLE. of Improving Retirement Security for Family Caregivers Act of 2026 do?

This bill is formally titled the Improving Retirement Security for Family Caregivers Act of 2026.

What does ROTH IRA CONTRIBUTIONS FOR CERTAIN FAMILY CAREGIVERS. of Improving Retirement Security for Family Caregivers Act of 2026 do?

This section amends section 408A of the Internal Revenue Code of 1986 to establish a special rule for Roth IRA contributions of qualified family caregivers. A 'qualified family caregiver' must complete 500 or more hours of caregiving and fewer than 500 hours of paid employment during the taxable year. A 'family caregiver' is defined as an unpaid family member, foster parent, or another unpaid adult who is unemployed or severely underemployed and provides in-home care to a child or an adult with a special need. The limitation on Roth IRA contributions for qualified family caregivers is equal to the dollar amount in effect under section 219(b)(1)(A) for the taxable year. The amendment applies to taxable years beginning after December 31, 2025.

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Improving Retirement Security for Family Caregivers Act of 2026

Last updated: 4/14/2026 · Introduced: 4/14/2026

Author: Susan Collins (R-ME)

TL;DR (AI)

This bill allows certain unpaid family caregivers who provide at least 500 hours of care annually and work fewer than 500 hours in paid employment to contribute to a Roth IRA.
Qualified family caregivers can contribute to a Roth IRA up to the amount currently deductible for IRA contributions under existing tax law.
The law applies to taxable years beginning after December 31, 2025.

119th Congressin committeeHR. 8274(In Committee)Official page

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Other Sections

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

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