HR 2724
110th Congress
House
Taxation
Cost of living adjustments
Economics and Public Finance
Education
Education savings accounts
Finance and Financial Sector
Higher education
Income tax
Indexing (Economic policy)
Individual retirement accounts
Labor and Employment
Saving and investment
Tax credits
Retirement Savings for Working Americans Act
Introduced: June 14, 2007
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 14, 2007
Referred to the House Committee on Ways and Means.
Jun 14, 2007
Introduced in House
Plain-English summary
Retirement Savings for Working Americans Act - Amends Internal Revenue Code provisions relating to the tax credit for retirement savings contributions (saver's credit) to: (1) require the Secretary of the Treasury to deposit saver's credit amounts directly into the designated retirement account of the taxpayer; (2) expand income eligibility levels for the saver's credit; (3) allow taxpayers that contribute to a qualified tuition program or a Coverdell education savings account to claim such contributions as retirement savings contributions; and (4) adjust the saver's credit maximum contribution amount for inflation beginning after 2007.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1