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118-hr-9765Committee
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Improving Retirement Security for Family Caregivers Act of 2024

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Summary

Official CRS summary

This bill allows qualified family caregivers to contribute up to $7,000 (in 2025) to a Roth IRA (or up to $8,000 (in 2025) for individuals who are age 50 or older). A qualified family caregiver is an unemployed or severely underemployed adult who provides 500 hours or more during one tax year of in-home care, monitoring, management, supervision, or treatment of an adult with special needs or a child.

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Bill details

Congress
118
Bill type
hr
Introduced
September 23, 2024
Sponsor
Not yet available
Last action
September 23, 2024— Referred to the House Committee on Ways and Means.

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