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HR 2022 111th Congress House

K-IRA Act

Official title: To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 26, and for other purposes.

Introduced: April 22, 2009 See on congress.gov
Taxation Employee benefits and pensionsIncome tax exclusion
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 22, 2009
Introduced in House
Apr 22, 2009
Referred to the House Committee on Ways and Means.
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 Latest action April 22, 2009

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Kids IRA Act of 2009 or the K-IRA Act - Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 26, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows an income-based tax deduction for contributions to such accounts, up to $5,000 in any taxable year.

 Related & companion bills 1
  • HR 6321 Related bill K-IRA Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2022: K-IRA Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-2022/
MLA
"H.R. 2022: K-IRA Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-2022/.
Bluebook (legal)
H.R. 2022, 111th Cong. (2026), https://openamerica.io/bill/111-HR-2022/.
Markdown link
[H.R. 2022: K-IRA Act](https://openamerica.io/bill/111-HR-2022/)
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