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H.R. 5031

BillFederalHouseIn Committee
Young Savers' Tax Credit Act of 2010
About This Bill
Committee
Latest Action · April 15, 2010
Referred to the House Committee on Ways and Means.
Congress
111th (2009–2011)
Introduced
April 15, 2010
Cosponsors (1)
1D 0R
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Summary

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Young Savers' Tax Credit Act of 2010 - Amends the Internal Revenue Code to allow a $500 annual tax credit for contributions to retirement plans by individuals who are age 30 or younger. Requires such contributions to equal at least 1% of such individuals' compensation.

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