To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to a 529 plan.

Taxation

house

senate

president

Introduced on June 12, 2024 by Josh S. Gottheimer

Cosponsors

Legislation Details

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.

Last updated 9/10/2024