To amend the Internal Revenue Code of 1986 to allow students to take the saver’s credit.
Summary
What This Bill Does
The bill creates short title This Act may be cited as the Expanded Student Saver’s Tax Credit Act and requires credit for elective deferrals and IRA contributions allowed to individuals who are full-time students Section 25B(c)(2) of the Internal Revenue Code of 1986 is amended— in the heading, by striking and full time. It relies on tax credits, definition changes, tax deductions, and compliance mandates. The main policy areas are Education.
Who Benefits and How
Educational institutions and students affected by the bill could gain revenue opportunities and Public beneficiaries or protected communities affected by the clause could face reduced risk.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Creates short title This Act may be cited as the Expanded Student Saver’s Tax Credit Act.
- Requires credit for elective deferrals and IRA contributions allowed to individuals who are full-time students Section 25B(c)(2) of the Internal Revenue Code of 1986 is amended— in the heading, by striking and full time...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill creates short title This Act may be cited as the Expanded Student Saver’s Tax Credit Act and requires credit for elective deferrals and IRA contributions allowed to individuals who are full-time students Section 25B(c)(2) of the Internal Revenue Code of 1986 is amended— in the heading, by striking and full time.
Key Policy Areas
Education
Primary Purpose
The bill creates short title This Act may be cited as the Expanded Student Saver’s Tax Credit Act and requires credit for elective deferrals and IRA contributions allowed to individuals who are full-time students Section 25B(c)(2) of the Internal Revenue Code of 1986 is amended— in the heading, by striking and full time.
Policy Domains
Whole bill
Identified Gains
- Educational institutions and students affected by the bill
- Public beneficiaries or protected communities affected by the clause
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Legislative Progress
IntroducedMr. Allred introduced the following bill; which was referred to …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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