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Improving Retirement Security for Family Caregivers Act of 2026
To amend the Internal Revenue Code of 1986 to allow certain family caregivers to contribute to a Roth IRA.
Summary
The bill allows certain family caregivers to contribute to Roth individual retirement accounts (IRAs) for retirement savings. A "qualified family caregiver" is defined as an individual who provides 500 or more hours of unpaid caregiving during a taxable year while having fewer than 500 hours of paid employment. Qualifying caregiving includes assistance with personal care, household tasks, medical management, and transportation for children or adults with special needs, including elderly adults. These caregivers can contribute up to the standard annual Roth IRA limit, providing them with a tax-advantaged retirement savings vehicle. The provision is effective for taxable years beginning after December 31, 2025.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
1 cosponsor
- Sen. Warner, Mark R. [D-VA] (D-VA)
Actions (2)
- Apr 14, 2026 Read twice and referred to the Committee on Finance. · senate
- Apr 14, 2026 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
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. <all>
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