A bill to amend the Internal Revenue Code of 1986 to impose limitations on high-income taxpayers with large retirement account balances.
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Jul 21, 2026
What it does
The bill would limit retirement account contributions for high-income taxpayers with large retirement balances, prohibiting contributions that would cause their total vested retirement account balances to exceed $10 million (adjusted for inflation after 2027). It applies to individuals whose modified adjusted gross income exceeds certain thresholds—$400,000 for most filers, $450,000 for joint filers or surviving spouses, $425,000 for heads of household, and $225,000 for married individuals filing separately—and increases their required minimum distributions if their retirement account balances surpass the applicable dollar amount. The bill also includes conforming amendments to the Internal…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.