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Retirement savings boost for family caregivers

This bill allows family caregivers to make extra 'catch-up' contributions to their retirement accounts, similar to older workers. It aims to help those who reduce their work hours to care for loved ones build a more secure financial future.
Key points
Caregivers can make additional contributions to IRAs regardless of age.
Applies to those providing 500+ hours of unpaid care while working less than 500 paid hours per year.
The benefit is available for up to 5 years in total.
Covers care for children, adults with special needs, and the elderly.
Caregiving tasks include assistance with bathing, dressing, food preparation, and transportation.
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Status:
Introduced
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Additional Information
Catching Up Family Caregivers Act of 2026
Print number: HR 8273
Sponsor: Rep. Pettersen, Brittany [D-CO-7]
Process start date: 2026-04-14