This bill would amend the Internal Revenue Code of 1986 to extend the time period for contributing military death benefits to Roth IRAs and Coverdell education savings accounts. The bill was introduced in the Senate, read twice, and referred to the Committee on Finance. Sponsors listed are Richard Blumenthal and Tim Sheehy.
If you receive military death benefits and want to place those funds into a Roth IRA or a Coverdell education savings account, this bill aims to give more time to make that contribution. No publicly available information on the length of the extension or specific eligibility details.
No publicly available information on costs, revenue effects, or impacts to the federal budget related to this bill.
No publicly available information on proponents' statements or detailed justifications. Sponsors named in the bill metadata are Richard Blumenthal and Tim Sheehy.
No publicly available information on opponents' statements or objections.