S. 1515 · 113th Congress
401Kids Family Savings Act of 2013
- Stage
- In committee
- Sponsor
- Mark Kirk
- Introduced
- 2013-09-18
- Latest action
- 2013-09-18 · Introduced in Senate
Summary
401Kids Family Savings Act of 2013 - Amends the Internal Revenue Code to: (1) rename Coverdell education savings accounts as 401Kids savings accounts, (2) allow the use of such accounts to pay the acquisition costs of a first-time homebuyer, and (3) allow tax-free rollovers of amounts in a 401Kids savings account to a Roth individual retirement account (Roth IRA).