Search Results: keywords:"retirement accounts"

  • H. R. 7138 — To amend title XVI of the Social Security Act to update eligibility for the supplemental security income program, and for other purposes.
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    Status:Introduced in House
    Words:3,574

    H.R. 7138 aims to amend the Social Security Act to update eligibility for the Supplemental Security Income (SSI) program. The bill proposes increasing income and resource limits while allowing certain tribal and state tax credits to be excluded from income considerations. It...

    Simple Explanation

    H.R. 7138 is a bill that wants to make it easier and fairer for people to get more help from a program called Supplemental Security Income (SSI), by raising income limits, changing rules about marriage, and being kind to people who own things like retirement savings.

  • S. 5149 — To amend the Internal Revenue Code of 1986 to allow additional catch-up contributions for certain family caregivers.
    Status:Introduced in Senate
    Words:654

    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.