April 10, 2025
Ms. Johnson of Texas (for herself, Mr. Johnson of Georgia, and Ms. Norton) introduced the following bill; which was referred to the Committee on Ways and Means
To amend the Internal Revenue Code of 1986 to allow students to take the saver’s credit and receive the saver’s match.
Section 1. Short title
This Act may be cited as the Expanded Student Saver’s Tax Credit Act
.
Sec. 2. Saver’s credit and saver’s match allowed to individuals who are full-time students
(a) Saver’s credit
Section 25B(c)(2) of the Internal Revenue Code of 1986 is amended—
(1)
in the heading, by striking and full time students
, and
(2)
by striking include—
and all that follows through the period and inserting include any individual with respect to whom a deduction under section 151 is allowed to another taxpayer for a taxable year beginning in the calendar year in which such individual's taxable year begins.
.
(b) Saver’s match
Section 6433(c)(2) of such Code is amended—
(1)
in the heading, by striking and full time students
, and
(2)
by striking include—
and all that follows through the period and inserting include any individual with respect to whom a deduction under section 151 is allowed to another taxpayer for a taxable year beginning in the calendar year in which such individual's taxable year begins.
.
(c) Effective date
(1) Saver’s credit
The amendments made by subsection (a) shall apply to contributions made after the date of the enactment of this Act.
(2) Saver’s match
The amendments made by subsection (b) shall take effect as if included in section 103 of the SECURE 2.0 Act of 2022.