The Catching Up Family Caregivers Act of 2026 allows family caregivers to make additional contributions to retirement accounts beyond the standard limits. Specifically, it lets individuals who serve as unpaid caregivers for children or adults with special needs qualify for catch-up contributions to both employer-sponsored retirement plans and Individual Retirement Accounts, similar to benefits currently available to people age 50 and older. To qualify, a person must have worked at least 500 hours as a caregiver during the tax year while earning less than 500 hours in paid employment, and they can use this benefit for up to five tax years total. The legislation takes effect for tax years beginning after December 31, 2026, and allows employers to simply rely on a caregiver's written statement to verify eligibility rather than requiring extensive documentation.
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