Extends the time period for contributing military death benefits to Roth IRAs and Coverdell education savings accounts.
The GRACE for Military Survivors Act amends the Internal Revenue Code to extend the time period for contributing military death benefits to Roth IRAs and Coverdell education savings accounts from one year to three years. This change applies to contributions made after October 7, 2001, and before the enactment of this Act, as well as to contributions made after the Act's enactment.
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