401(Kids) Education Savings Account Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jan 20, 2015)
401(Kids) Education Savings Account Act of 2015
Amends the Internal Revenue Code to: (1) eliminate after 2015 the income-based reduction of contributions to Coverdell education savings accounts, (2) increase the annual contribution limit for such accounts, (3) allow the use of such an account to pay home school expenses and the acquisition costs of a first-time homebuyer, and (4) allow tax-free rollovers of amounts in a Coverdell education savings account to a Roth individual retirement account.
What just happenedJan 20, 2015
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateJan 20, 2015
- Jan 20, 2015IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Jan 20, 2015IntroReferral10000
Introduced in Senate