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HR 1125 114th Congress House

Start Saving Sooner Act of 2015

Official title: To amend the Internal Revenue Code of 1986 to provide for tax preferred savings accounts for individuals under age 18, and for other purposes.

Introduced: April 13, 2015 See on congress.gov
Taxation Employee benefits and pensionsIncome tax creditsIncome tax exclusion
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Feb 26, 2015
Referred to the House Committee on Ways and Means.
Feb 26, 2015
Introduced in House
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 Latest action February 26, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Start Saving Sooner Act of 2015

Amends the Internal Revenue Code to establish a tax-exempt individual retirement account for taxpayers under age 18, to be known as a young savers account. Treats such accounts as Roth individual retirement accounts for income tax purposes. Allows the tax credit for retirement savings for contributions to a young savers account. Directs the Secretary of the Treasury to pay any overpayment of tax that is attributable to the tax credit for retirement savings to the taxpayer's young savers account.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Wittman, Robert J.
Virginia · Apr 13, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1125: Start Saving Sooner Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-1125/
MLA
"H.R. 1125: Start Saving Sooner Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-1125/.
Bluebook (legal)
H.R. 1125, 114th Cong. (2026), https://openamerica.io/bill/114-HR-1125/.
Markdown link
[H.R. 1125: Start Saving Sooner Act of 2015](https://openamerica.io/bill/114-HR-1125/)
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