Financial Security Credit Act of 2013
Official title: To promote savings by providing a tax credit for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this credit and op… Show full official titleShow less
Official title: To promote savings by providing a tax credit for eligible taxpayers who contribute to savings products and to facilitate taxpayers receiving this credit and open a designated savings product when they file their Federal income tax returns.
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Referred to the House Committee on Ways and Means.
Financial Security Credit Act of 2013 - Amends the Internal Revenue Code to allow an income-based tax credit equal to the lesser of $500 or 50% of the total amount deposited or contributed into designated savings products in a taxable year. Defines "designated savings products" as a qualified retirement plan, a qualified tuition plan, a Coverdell education savings account, a U.S. savings bond, a certificate of deposit with a duration of at least 8 months, a savings account, or other savings product considered appropriate by the Secretary of the Treasury. Directs the Internal Revenue Service (IRS) to notify individual taxpayers who may qualify for a savings product tax credit that they have the option of an electronic direct deposit of any portion of their tax refund into a designated savings product.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 2917: Financial Security Credit Act of 2013. 113th Congress. Open America. https://openamerica.io/bill/113-HR-2917/
"H.R. 2917: Financial Security Credit Act of 2013." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-2917/.
H.R. 2917, 113th Cong. (2026), https://openamerica.io/bill/113-HR-2917/.
[H.R. 2917: Financial Security Credit Act of 2013](https://openamerica.io/bill/113-HR-2917/)