Graduate Student Savings Act of 2019
- Last Action
- 2/13/2019
Actions
- 2019-02-13Referred to the House Committee on Ways and Means.
- 2019-02-13Introduced in House
- 2019-02-13Introduced in House
CRS Summary
As of 2019-02-13 (00)
Graduate Student Savings Act of 2019
This bill allows 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.
Cosponsors (11)
- Jim Banks (R-IN)
- Seth Moulton (D-MA)
- Ann Kuster (D-NH)
- William Keating (D-MA)
- Brian Fitzpatrick (R-PA)
- JAMES MCGOVERN (D-MA)
- Josh Harder (D-CA)
- SHEILA JACKSON LEE (D-TX)
- ALCEE HASTINGS (D-FL)
- Debbie Dingell (D-MI)
- Scott Peters (D-CA)
Subjects
- Employee benefits and pensions
- Higher education
- Income tax deductions
- Student aid and college costs
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.