S. 5149, also known as the "Catching Up Family Caregivers Act of 2024," proposes changes to the Internal Revenue Code of 1986. The bill aims to allow certain family caregivers to make additional catch-up contributions to their retirement accounts. To qualify, an individual...
Simple Explanation
This bill wants to let certain people who take care of family members without getting paid save more money for their future. To do this, they need to help their family for at least 500 hours in a year.