Bill would extend IRA charitable rollover rules to 401(k) and similar plans
In committeeH.R. 8783Latest action
Sponsor: Donald S. Beyer, Jr. · Representative · VA
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Official title: To amend the Internal Revenue Code of 1986 to exclude from gross income charitable distributions from certain employer-sponsored retirement plans, and for other purposes.
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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Workers 70½+ could donate directly from 401(k)s and similar plans to charity, tax-free, up to $105,000/year.
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What does this do?
This bill would allow people age 70½ or older to make tax-free donations directly from workplace retirement accounts — such as 401(k)s, 403(b)s, 457(b)s, SEPs, and SIMPLE plans — to eligible charities. That option already exists for IRAs, and this bill would extend it to those other account types. The combined limit for tax-free charitable donations across all account types would be $105,000 per year.
Who does it affect?
People most directly affected are workers and retirees age 70½ or older who still hold money in a workplace retirement plan rather than an IRA, which is common among those who worked for governments, schools, nonprofits, or large employers. Charities that receive these donations could also be affected. The bill does not apply to private foundations or donor-advised funds.
Why does it matter?
Without this bill, someone who wants to donate retirement plan money to charity must first withdraw it, pay income taxes on that amount, and then donate what remains. This bill removes the tax step when money goes directly from the retirement account to the charity.
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Where does it stand?
- IntroducedMay 13, 2026
- House committeeYou are here · May 13, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Referred to the House Committee on Ways and Means.