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H.R. 8710

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.
About This Bill
Committee
Latest Action · June 12, 2024
Referred to the House Committee on Ways and Means.
Congress
118th (2023–2025)
Introduced
June 12, 2024
Cosponsors (1)
0D 1R
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Summary

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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.

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