HR 2994 · 109th Congress · Education
Securing Affordable Vocational and Collegiate Education (SAVE) Act of 2005
Bill Progress
✓
Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2005-06-20)
Plain Language Summary
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Securing Affordable Vocational and Collegiate Education (SAVE) Act of 2005 - Makes permanent the qualified tuition programs enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001. Amends the Internal Revenue Code to allow a tax deduction from gross income for payments to a qualified tuition program. Limits the annual amount of such deduction to $5,000 ($10,000 on joint returns).…
Summarized by Claude AI · Non-partisan · For informational purposes only