401(Kids) Education Savings Account Act of 2014
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 18, 2014)
401(Kids) Education Savings Account Act of 2014 - Amends the Internal Revenue Code to: (1) eliminate after 2014 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 (Roth IRA).
What just happenedSep 18, 2014
Read twice and referred to the Committee on Finance.
Who’s behind it
- Introduced in SenateSep 18, 2014
- Sep 18, 2014IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Sep 18, 2014IntroReferral10000
Introduced in Senate