Improving Retirement Security for Family Caregivers Act of 2026

This bill, the "Improving Retirement Security for Family Caregivers Act of 2026," aims to enhance retirement savings for unpaid family caregivers. It allows individuals who provide at least 500 hours of unpaid care to a child or an adult with special needs, while working fewer than 500 hours in paid employment, to contribute to a Roth IRA. Currently, Roth IRA contributions are limited by earned income; this legislation enables these qualified caregivers to contribute the maximum allowable amount to a Roth IRA, even if they have little to no earned income. This change helps caregivers build retirement savings despite their reduced capacity for paid work due to caregiving responsibilities.