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S. 5148 118th Congress Senate

Improving Retirement Security for Family Caregivers Act of 2024

Official title: A bill to amend the Internal Revenue Code of 1986 to allow certain family caregivers to contribute to a Roth IRA.

Introduced: December 16, 2024 Introduced by: Susan M. Collins Republican · Maine See on congress.gov
Taxation
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 24, 2024
Read twice and referred to the Committee on Finance. (text: CR S6371)
Sep 24, 2024
Introduced in Senate
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 Latest action September 24, 2024

Read twice and referred to the Committee on Finance. (text: CR S6371)

 Plain-English summary Congressional Research Service

Improving Retirement Security for Family Caregivers Act of 2024

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 35

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • DAVIS & HARMAN LLP
    for TRANSAMERICA LIFE INSURANCE COMPANY · Iowa · 3rd Quarter 2026 (July 1 - Sep 30)
  • DAVIS & HARMAN LLP
    for EMPOWER RETIREMENT LLC · Colorado · 3rd Quarter 2026 (July 1 - Sep 30)
  • DAVIS & HARMAN LLP
    for EDWARD JONES INVESTMENTS · Missouri · 3rd Quarter 2026 (July 1 - Sep 30)
  • DAVIS & HARMAN LLP
    for AMERICAN BENEFITS COUNCIL · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
  • DAVIS & HARMAN LLP
    for AMERICAN BENEFITS COUNCIL · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
  • DAVIS & HARMAN LLP
    for EDWARD JONES INVESTMENTS · Missouri · 2nd Quarter 2026 (Apr 1 - June 30)

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

See all 35 filings →
 Cosponsors 2
All 2 Democratic 2
D
Peters, Gary C.
Michigan · Dec 16, 2024
 D
Warner, Mark R.
Virginia · Sep 24, 2024
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5148: Improving Retirement Security for Family Caregivers Act of 2024. 118th Congress. Open America. https://openamerica.io/bill/118-S-5148/
MLA
"S. 5148: Improving Retirement Security for Family Caregivers Act of 2024." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-5148/.
Bluebook (legal)
S. 5148, 118th Cong. (2026), https://openamerica.io/bill/118-S-5148/.
Markdown link
[S. 5148: Improving Retirement Security for Family Caregivers Act of 2024](https://openamerica.io/bill/118-S-5148/)
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