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. The bill changes the contribution period from one year to three years. This applies to benefits received after October 7, 2001, and before the enactment of this Act.
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