Catching Up Family Caregivers Act of 2026

This bill would change federal tax law so that certain unpaid family caregivers can make extra "catch-up" contributions to workplace retirement plans and IRAs, which are now mainly available to people age 50 and older. A qualified family caregiver is someone who spent 500 or more hours caring for a child or an adult with special needs, including an elderly adult, and worked fewer than 500 paid hours in the same year. A person could use this status for no more than 5 years total. Workplace plans could rely on a person's written statement that they qualify. The changes would apply to tax years beginning after December 31, 2026.

Full text and official record on Congress.gov

Sponsors

• Susan M. Collins Republican sponsor
• 1 cosponsors