To amend the Internal Revenue Code of 1986 to treat as compensation for purposes of retirement contribution limitations any difficulty of care payments excluded from gross income.
- Last Action
- 3/27/2019
Actions
- 2019-03-27Referred to the House Committee on Ways and Means.
- 2019-03-27Introduced in House
- 2019-03-27Introduced in House
CRS Summary
As of 2019-03-27 (00)
This bill requires difficulty of care payments that are excluded from gross income to be treated as compensation for the purpose of determining limitations on contributions to tax-exempt retirement accounts.
Difficulty of care payments are received by foster care providers as compensation for providing additional care for a foster individual. The care must be (1) required by reason of a physical, mental, or emotional handicap of the individual; and (2) provided in the home of the foster care provider.
Cosponsors (7)
- Suzan DelBene (D-WA)
- Jimmy Panetta (D-CA)
- MIKE THOMPSON (D-CA)
- Linda Sánchez (D-CA)
- Judy Chu (D-CA)
- Jimmy Gomez (D-CA)
- Pramila Jayapal (D-WA)
Subjects
- Adoption and foster care
- Disability assistance
- Employee benefits and pensions
- Income tax deductions
- Income tax exclusion
Sourced from Congress.gov (public domain).
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