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H.R. 4872

BillFederalHouseIn Committee
Save for Success Act
About This Bill
Committee
Latest Action · September 19, 2016
Referred to the Subcommittee on Higher Education and Workforce Training.
Congress
114th (2015–2017)
Introduced
March 23, 2016
Cosponsors (1)
1D 0R
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Summary

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Save for Success Act This bill amends the Internal Revenue Code to: (1) modify the American Opportunity Tax Credit to include an increased credit amount for college savings contributions, and (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of educational expenses for a student as such expenses are incurred during the taxable year. Treasury shall establish a taxpayer awareness program to inform the public of the availability of the American Opportunity Tax Credit.

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