H.R. 9765 · 118th Congress
Improving Retirement Security for Family Caregivers Act of 2024
- Stage
- In committee
- Sponsor
- Brittany Pettersen
- Introduced
- 2024-09-23
- Latest action
- 2024-09-23 · Introduced in House
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.