H.R. 2852

119 HR 2852 IH: Expanded Student Saver’s Tax Credit Act
 U.S. House of Representatives
 2025-04-10
 text/xml
 EN
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 I  119th CONGRESS  1st Session  H. R. 2852  IN THE HOUSE OF REPRESENTATIVES   April 10, 2025   Ms. Johnson of Texas  (for herself,  Mr. Johnson of Georgia , and  Ms. Norton ) introduced the following bill; which was referred to the  Committee on Ways and Means    A BILL
To amend the Internal Revenue Code of 1986 to allow students to take the saver’s credit and receive the saver’s match.
1.
Short title
This Act may be cited as the   Expanded Student Saver’s Tax Credit Act  .
2.
Saver’s credit and saver’s match allowed to individuals who are full-time students
(a)
Saver’s credit
 Section 25B(c)(2)  of the Internal Revenue Code of 1986 is amended—
(1)
in the heading, by striking
and full time students  , and
(2)
by striking  include—  and all that follows through the period and inserting  include any individual with respect to whom a deduction under section 151 is allowed to another taxpayer for a taxable year beginning in the calendar year in which such individual's taxable year begins. .
(b)
Saver’s match
Section 6433(c)(2) of such Code is amended—
(1)
in the heading, by striking
and full time students  , and
(2)
by striking  include—  and all that follows through the period and inserting  include any individual with respect to whom a deduction under section 151 is allowed to another taxpayer for a taxable year beginning in the calendar year in which such individual's taxable year begins. .
(c)
Effective date
(1)
Saver’s credit
The amendments made by subsection (a) shall apply to contributions made after the date of the enactment of this Act.
(2)
Saver’s match
The amendments made by subsection (b) shall take effect as if included in section 103 of the SECURE 2.0 Act of 2022.