HR 7162 · 118th Congress

401Kids Savings Account Act of 2024

<p><strong>401Kids Savings Account Act of 2024</strong></p><p>This bill establishes tax-exempt savings accounts for children who have not attained age 18 to be known as the 401Kids Account Program. Contributions to such accounts may not exceed $2,500 in a calendar year (adjusted for inflation). Accounts may pay expe…

Sponsor

Beyer, Donald S. (D-VA)

Introduced

2024-01-31

Policy area

Taxation

Latest action

Referred to the Subcommittee on Work and Welfare.