This bill would allow certain family caregivers to contribute to Roth IRA retirement accounts even if they have little or no earned income from traditional employment. Specifically, individuals who work at least 500 hours per year as unpaid family caregivers while having fewer than 500 hours of paid employment would qualify to make full Roth IRA contributions. Qualified caregivers include unpaid family members, foster parents, or other unpaid adults who provide in-home care for children or adults with special needs, including elderly relatives. The legislation recognizes caregiving tasks such as bathing, dressing, meal preparation, medication management, and transportation assistance as qualifying hours. The bill takes effect for tax years beginning after December 31, 2026, and would help family caregivers build retirement savings despite their limited paid employment due to caregiving responsibilities.
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