Improving Retirement Security for Family Caregivers Act of 2026

This bill would change federal tax law so that certain unpaid family caregivers can contribute to a Roth IRA even if they have little or no earned income. A qualified family caregiver would be someone who, during the tax year, spent 500 or more hours as a family caregiver and worked fewer than 500 hours in paid jobs or self-employment. For these caregivers, the Roth IRA contribution limit would be set at the standard annual dollar limit instead of being tied to earned income. Caregiving would include in-home care of a child or of an adult with a special need, including an elderly adult. The change would apply to tax years beginning after December 31, 2025.

Full text and official record on Congress.gov

Sponsors

• Susan M. Collins Republican sponsor
• 1 cosponsors