Improving Retirement Security for Family Caregivers Act of 2026
Reps. Pettersen and Salazar Introduce Bipartisan Bill to Help Family Caregivers Save for Retirement
This bill was recently introduced and is currently being reviewed by the House Committee on Ways and Means. It is in the early stages of the legislative process and is considered active. No further actions have been scheduled at this time.
Part of: story →Legislative Progress
It has bipartisan support from both parties, which helps, but it is currently just a bill in a committee and many tax-related bills face long odds.
Key Points
Impact Analysis
Personal Impact
Programs
While this bill does not change Social Security directly, many family caregivers rely on Social Security as their primary or only retirement income because they lack access to employer-sponsored plans or IRAs. By opening up Roth IRA contributions, caregivers can build a supplemental retirement fund that grows tax-free, reducing their dependence on Social Security alone in old age.
“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.”
Disabilities
Milestones
Referred to the House Committee on Ways and Means.
Introduced in House
The bill was officially filed and given a number. It now enters the legislative queue.
Votes
No votes have been recorded for this legislation yet.
Related News
2 articlesA Changing Workforce: Employers Rethink Benefits for a New Era
Recent legislation introduced by Senator Susan Collins, including the Improving Retirement Security for Family Caregivers Act, seeks to address retirement saving shortfalls for those who leave the workforce to provide care, allowing them to contribute to Roth IRAs without traditional earnings.
Caregivers Urge for Support in the Workplace
Legislation like the Improving Retirement Security for Family Caregivers Act aims to provide resources for the 53 million Americans providing long-term care, specifically by allowing non-earning caregivers to build retirement savings through Roth IRA contributions.
Source Information
Document Type
Congressional Bill
Official Title
Improving Retirement Security for Family Caregivers Act of 2026
Data Sources
Sponsor
Cosponsors
(1)Analysis generated by AI. Always verify with official sources.