H.R. 590 · 110th Congress
Student Financial Readiness Act of 2007
- Stage
- In committee
- Sponsor
- Joe Knollenberg
- Introduced
- 2007-01-19
- Latest action
- 2007-01-19 · Introduced in House
Summary
Student Financial Readiness Act of 2007 - 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 2007; and (3) prohibit contributions by individuals whose modified adjusted gross income exceeds $150,000 ($300,000 for married couples filing joint tax returns).