HR 8710
118th Congress
House
Taxation
To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.
Introduced: June 12, 2024
Introduced by:
Gottheimer, Josh
Democratic
· New Jersey
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 12, 2024
Referred to the House Committee on Ways and Means.
Jun 12, 2024
Introduced in House
Plain-English summary
This bill allows a tax deduction for contributions to a qualified tuition program (known as 529 plans) up to $10,000 in a taxable year. Taxpayers whose adjusted gross income exceeds $200,000 in a taxable year are not eligible for the deduction.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1
Cosponsors
1