S. 76 · 109th Congress
College Savings Act of 2005
- Stage
- In committee
- Sponsor
- Maria Cantwell
- Introduced
- 2005-01-24
- Latest action
- 2005-01-24 · Introduced in Senate
Summary
College Savings Act of 2005 - Amends the Internal Revenue Code to: (1) increase the maximum annual contribution limit for Coverdell education savings accounts from $2,000 to $5,000; and (2) allow a tax deduction up to $5,000 for contributions to an education savings account.