Lets more students and young people get tax credits for saving for retirement.
This bill would make it easier for certain students and young people to save for retirement by allowing them to claim the saver's tax credit and match. Currently, many full-time students are not eligible for these savings benefits. The bill would change the rules so that only those claimed as dependents by another taxpayer would be excluded.
Today, many full-time students and other specific groups are not allowed to claim the saver's tax credit or receive the saver's match for retirement savings. If this bill becomes law, the rules would change to only exclude individuals who are claimed as dependents on another person's tax return. This means many students and young people who are financially independent would become eligible for these savings benefits.
HR 2852 · 119th Congress · AI Summary by gemini-2.5-flash · 8/10
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