S. 4511In committeeJobs & the economy
Bill would expand 401(k) and 403(b) charitable rollover tax break to match IRA rules
Data as of July 11, 2026
People 70½+ could donate directly from workplace retirement accounts to charity, tax-free, up to $105,000 a year.40-second read · 4 questions answered below
Decoded
What does this do?
This bill would extend an existing tax break to workplace retirement accounts like 401(k)s, 403(b)s, 457(b)s, SEPs, and SIMPLE plans. Right now, that tax break only covers IRAs. Donations must go directly to a qualifying public nonprofit, and the limit is $105,000 per year as of 2026.
Who does it affect?
People age 70½ or older with money in a workplace retirement plan would be directly affected. Employers and plan administrators would also need to set up a way to send funds directly to charities, which most plans do not currently do.
Why does it matter?
Retirees who kept money in a workplace plan instead of an IRA would gain the same option that IRA holders already have. Donor-advised funds and private foundations would still not qualify, just as they are excluded under the current IRA rule.
Where does it stand?
- Introduced
- Senate committee — You are here
- Senate vote
- House
- President's desk
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
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Official title
A bill 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.
- Introduced:
- May 13, 2026
- Latest action:
- May 13, 2026
Read twice and referred to the Committee on Finance.
Read the official bill on Congress.govMake the call
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