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S 2892 113th Congress Senate

401(Kids) Education Savings Account Act of 2014

Official title: A bill to amend the Internal Revenue Code of 1986 to improve and expand Coverdell education savings accounts.

Introduced: September 18, 2014 See on congress.gov
Taxation Bank accounts, deposits, capitalElementary and secondary educationEmployee benefits and pensionsHigher education
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Housing finance and home ownershipIncome tax exclusionStudent aid and college costs
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Sep 18, 2014
Read twice and referred to the Committee on Finance.
Sep 18, 2014
Introduced in Senate
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 Latest action September 18, 2014

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

401(Kids) Education Savings Account Act of 2014 - Amends the Internal Revenue Code to: (1) eliminate after 2014 the income-based reduction of contributions to Coverdell education savings accounts, (2) increase the annual contribution limit for such accounts, (3) allow the use of such an account to pay home school expenses and the acquisition costs of a first-time homebuyer, and (4) allow tax-free rollovers of amounts in a Coverdell education savings account to a Roth individual retirement account (Roth IRA).

 Related & companion bills 2
  • S 86 Related bill A bill to amend the Internal Revenue Code of 1986 to expand the Coverdell education savings accounts to allow home scho…
  • S 1515 Related bill 401Kids Family Savings Act of 2013
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 2892: 401(Kids) Education Savings Account Act of 2014. 113th Congress. Open America. https://openamerica.io/bill/113-S-2892/
MLA
"S. 2892: 401(Kids) Education Savings Account Act of 2014." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-2892/.
Bluebook (legal)
S. 2892, 113th Cong. (2026), https://openamerica.io/bill/113-S-2892/.
Markdown link
[S. 2892: 401(Kids) Education Savings Account Act of 2014](https://openamerica.io/bill/113-S-2892/)
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