H.R. 5701 · 109th Congress
Student Financial Readiness Act of 2006
- Stage
- In committee
- Sponsor
- Joe Knollenberg
- Introduced
- 2006-06-28
- Latest action
- 2006-06-28 · Introduced in House
Summary
Student Financial Readiness Act of 2006 - Amends the Internal Revenue Code to: (1) increase from $2,000 to $5,000 the annual contribution limit to Coverdell education savings accounts; (2) adjust such contribution limit for inflation after 2006; and (3) prohibit contributions by individuals whose modified adjusted gross income exceeds $150,000 ($300,000 for married couples filing joint tax returns).