S.4292

Allows certain family caregivers to contribute to a Roth IRA under the Internal Revenue Code.

The bill, titled the "Improving Retirement Security for Family Caregivers Act of 2026," amends the Internal Revenue Code to enable qualified family caregivers to contribute to a Roth IRA. A qualified family caregiver is defined as an individual who has completed at least 500 hours of caregiving and fewer than 500 hours of paid employment in a taxable year. Caregiving tasks include assistance with daily activities such as bathing, grooming, food preparation, and managing medications. The amendment applies to taxable years beginning after December 31, 2025.