H. R. 6772 aims to amend the Internal Revenue Code to allow individuals who have taken time away from work to provide care for dependents to make retirement account catch-up contributions at a younger age than currently allowed. The bill defines an "eligible individual" as...
Simple Explanation
H. R. 6772 is a bill that wants to let people who take time away from their jobs to care for family members save more money for when they're older and not working. It lets them start saving extra money earlier because they missed work to help take care of others.