S. 4292

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[S. 4292 Introduced in Senate (IS)]

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119th CONGRESS
2d Session
S. 4292

To amend the Internal Revenue Code of 1986 to allow certain family 
caregivers to contribute to a Roth IRA.

_______________________________________________________________________

IN THE SENATE OF THE UNITED STATES

April 14, 2026

Ms. Collins (for herself and Mr. Warner) introduced the following bill; 
which was read twice and referred to the Committee on Finance

_______________________________________________________________________

A BILL

To amend the Internal Revenue Code of 1986 to allow certain family 
caregivers to contribute to a Roth IRA.

Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Improving Retirement Security for 
Family Caregivers Act of 2026''.

SEC. 2. ROTH IRA CONTRIBUTIONS FOR CERTAIN FAMILY CAREGIVERS.

(a) In General.--Subsection (c) of section 408A of the Internal 
Revenue Code of 1986 is amended by adding at the end the following new 
paragraph:
``(7) Special rule for roth ira contributions of qualified 
family caregivers.--
``(A) In general.--In the case of an individual who 
is a qualified family caregiver as of the close of the 
taxable year, in applying section 219 for purposes of 
paragraph (2), the limitation of paragraph (1) of 
section 219(b) shall be equal to the dollar amount in 
effect under section 219(b)(1)(A) for the taxable year.
``(B) Qualified family caregiver.--For purposes of 
this paragraph--
``(i) In general.--The term `qualified 
family caregiver' means an individual who, 
during the taxable year--
``(I) has completed 500 or more 
hours as a family caregiver, and
``(II) has completed fewer than 500 
hours of paid employment (including 
self-employment).
``(ii) Family caregiver.--The term `family 
caregiver' means an unpaid family member, a 
foster parent, or another unpaid adult, who is 
unemployed or severely underemployed (as 
determined by the Secretary) and who provides 
in-home care, monitoring, management, 
supervision, or treatment of--
``(I) a child, or
``(II) an adult with a special need 
(as defined in section 2901 of the 
Public Health Service Act), including 
an elderly adult who requires care or 
supervision due to an age-related 
condition.
``(iii) Hours.--An individual shall be 
treated as serving as a family caregiver during 
the hours in which the individual is engaged in 
caregiving tasks including assistance with 
bathing or grooming, dressing, laundry, food 
shopping or preparation, housekeeping, managing 
medications, transportation, and mobility 
assistance.
``(C) Coordination with spousal ira.--In the case 
of an individual to whom section 219(c)(1) applies for 
the taxable year, subparagraph (A) shall be applied 
notwithstanding such section.''.
(b) Effective Date.--The amendment made by this section shall apply 
to taxable years beginning after December 31, 2025.
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