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H.R. 2724, The Retirement Savings for Working Americans Act
- This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.
Comparing original version (created by webmaster) with revision saved on July 12, 2007, 18:16:38 (webmaster):
H.R. 2724 would amend the Internal Revenue Code of 1986 to modify the saver's credit.
== Detailed Summary ==
<summary>
(Log inRetirement Savings for Working Americans Act - Amends Internal Revenue Code provisions relating to edit the wiki and betax credit for retirement savings contributions (saver's credit) to: (1) require the firstSecretary of the Treasury to provide a detailed summarydeposit saver's credit amounts directly into the designated retirement account of the bill!)taxpayer; (2) expand income eligibility levels for the saver's credit; (3) allow taxpayers that contribute to a qualified tuition program or a Coverdell education savings account to claim such contributions as retirement savings contributions; and (4) adjust the saver's credit maximum contribution amount for inflation beginning after 2007.
</summary>
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== Status of the Legislation ==
<status>
(Log inLatest Major Action: 6/14/2007: Referred to House committee. Status: Referred to edit the wikiHouse Committee on Ways and be the first to update the status of the bill!)Means.
</status>
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== Points in Favor ==
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== Points Against ==
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