HR 5837
Investing in Your Family's Future Act
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The Investing in Your Family's Future Act modifies tax laws to allow employer-sponsored retirement plans to offer matching contributions for child care expenses. These contributions would be treated as elective deferrals, similar to salary reductions, and could be made to defined contribution plans, simple retirement accounts, 403(b) plans, and 457(b) plans. The bill aims to encourage employers to support employees’ childcare costs through their retirement plans, ultimately benefiting families.
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