Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to extend the permitted time window for survivors to contribute certain military death benefits into Roth IRAs and Coverdell education savings accounts from a 1-year period to a 3-year period. It amends sections 408A(e)(2)(A) and 530(d)(9)(A) to replace "1-year period" with "3-year period." The change applies to amounts received under 10 U.S.C. 1477 or 38 U.S.C. 1967 on or after enactment, and it also allows retroactive application for amounts received between October 7, 2001 and enactment if contributed within the new timeframe or within 1 year after enactment.
Liberal emphasizes survivor relief and fairness benefits
Relative to its intended legislative type, this bill is a narrowly focused and precisely drafted amendment to the Internal Revenue Code that substitutes a 3-year period for a 1-year period for contributions of specified military death benefits to Roth IRAs and Coverdell ESAs, and it includes clear effective and retroactivity provisions.
This bill amends the Internal Revenue Code to extend the permitted time window for survivors to contribute certain military death benefits into Roth IRAs and Coverdell education savings accounts from a 1-year period to a 3-year period.
It amends sections 408A(e)(2)(A) and 530(d)(9)(A) to replace "1-year period" with "3-year period." The change applies to amounts received under 10 U.S.C. 1477 or 38 U.S.C. 1967 on or after enactment, and it also allows retroactive application for amounts received between October 7, 2001 and enactment if contributed within the new timeframe or within 1 year after enactment.
The bill is narrowly focused on timing for these specific contributions and does not otherwise change eligibility rules in the text provided.
A narrow, low-cost technical amendment helping military survivors that fits historical patterns of enactment, though procedural timing and absent offsets could slow final passage.
Relative to its intended legislative type, this bill is a narrowly focused and precisely drafted amendment to the Internal Revenue Code that substitutes a 3-year period for a 1-year period for contributions of specified military death benefits to Roth IRAs and Coverdell ESAs, and it includes clear effective and retroactivity provisions.
Liberal emphasizes survivor relief and fairness benefits
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberal emphasizes survivor relief and fairness benefits
Likely supportive as a targeted, survivor-focused relief measure that reduces pressure on bereaved families.
Seen as a modest, practical fix that increases financial flexibility during a difficult period.
May press for outreach to ensure eligible survivors learn of the extension.
Generally favorable because the change is narrow, bipartisan in tone, and aids military survivors while not restructuring major tax policy.
Would seek a CBO score and clear IRS implementation guidance before full endorsement.
Comfortable supporting if fiscal impact is minor and administrative details are clear.
Mixed to somewhat skeptical: supportive of aiding military survivors in principle but concerned about expanding tax-preferred treatment and potential revenue consequences.
May accept the bill as a narrowly tailored accommodation if costs are negligible and retroactivity is limited or offset.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
A narrow, low-cost technical amendment helping military survivors that fits historical patterns of enactment, though procedural timing and absent offsets could slow final passage.
The bill has not accumulated any surfaced votes yet.
Liberal emphasizes survivor relief and fairness benefits
A narrow, low-cost technical amendment helping military survivors that fits historical patterns of enactment, though procedural timing and…
Relative to its intended legislative type, this bill is a narrowly focused and precisely drafted amendment to the Internal Revenue Code that substitutes a 3-year period for a 1-year period for contributions of specified…
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