Graduate Student Savings Act of 2016
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 7, 2016)
Graduate Student Savings Act of 2016
This bill amends the Internal Revenue Code to allow funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of: (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.
What just happenedDec 7, 2016
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseDec 7, 2016
- Dec 7, 2016IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Dec 7, 2016IntroReferralIntro-H
Introduced in House
- Dec 7, 2016IntroReferral1000
Introduced in House