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United States · Bill · S

S. 5148 (118th)

Improving Retirement Security for Family Caregivers Act of 2024

referredUnited States· United States Congress· EN

Introduced

24 September 2024

Last action

Status

Read twice and referred to the Committee on Finance. (text: CR S6371)

Sponsors

Subjects

Discovery layer

Source updated

17 December 2024

Summary

Improving Retirement Security for Family Caregivers Act of 2024 This bill allows qualified family caregivers to contribute up to $7,000 (in 2025) to a Roth IRA (or up to $8,000 (in 2025) for individuals who are age 50 or older). A qualified family caregiver is an unemployed or severely underemployed adult who provides 500 hours or more during one tax year of in-home care, monitoring, management, supervision, or treatment of an adult with special needs or a child.

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Documents

3 official files

Introduced in Senate (text)

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Sources

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