HR 8710 · 118th Congress · Taxation

To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.

Introduced 2024-06-12· Sponsored by Rep. Gottheimer, Josh [D-NJ-5]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(2024-06-12)

Plain Language Summary

[AI summary unavailable — showing source text] 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. …

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. James, John [R-MI-10]MI