To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.
USA118th CongressHR-8710| House
| Updated: 6/12/2024
Josh Gottheimer
Democratic Representative
New Jersey
Cosponsors (1)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
This bill allows a tax deduction for contributions to a qualified tuition program (known as 529 plans) up to $10,000 in a taxable year. Taxpayers whose adjusted gross income exceeds $200,000 in a taxable year are not eligible for the deduction.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.
USA118th CongressHR-8710| House
| Updated: 6/12/2024
This bill allows a tax deduction for contributions to a qualified tuition program (known as 529 plans) up to $10,000 in a taxable year. Taxpayers whose adjusted gross income exceeds $200,000 in a taxable year are not eligible for the deduction.
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.
Josh Gottheimer
Democratic Representative
New Jersey
Cosponsors (1)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted