To amend the Internal Revenue Code of 1986 to expand access to Coverdell education savings accounts.
USA115th CongressHR-999| House
| Updated: 2/9/2017
Tim Walberg
Republican Representative
Michigan
Cosponsors (1)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Helping Families Save for Education Act This bill amends the Internal Revenue Code, with respect to Coverdell education savings accounts, to: (1) increase the age limit for beneficiaries of such accounts after which contributions may not be made from age 18 to age 22, and (2) increase the maximum contribution limit in any taxable year from $2,000 to $10,000.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Higher educationIncome tax exclusionStudent aid and college costs
To amend the Internal Revenue Code of 1986 to expand access to Coverdell education savings accounts.
USA115th CongressHR-999| House
| Updated: 2/9/2017
Helping Families Save for Education Act This bill amends the Internal Revenue Code, with respect to Coverdell education savings accounts, to: (1) increase the age limit for beneficiaries of such accounts after which contributions may not be made from age 18 to age 22, and (2) increase the maximum contribution limit in any taxable year from $2,000 to $10,000.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Tim Walberg
Republican Representative
Michigan
Cosponsors (1)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Higher educationIncome tax exclusionStudent aid and college costs