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Student Tax Credit Expansion: New Savings Opportunities for Students

This act expands access to a tax credit and government match for retirement savers, now including students who are claimed as dependents by other taxpayers. This means students, even if someone else claims them for tax purposes, can benefit from incentives to save, potentially helping them build future financial security.
Key points
Students claimed as dependents by other taxpayers will now be eligible for the Saver's Credit.
These students will also be eligible to receive the Saver's Match for their savings.
The changes aim to encourage young individuals to start saving for retirement earlier.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_2852
Sponsor: Rep. Johnson, Julie [D-TX-32]
Process start date: 2025-04-10
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Expanded Student Saver’s Tax Credit Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2852.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-04-10.

What are the main provisions?

Key points include:

  • Students claimed as dependents by other taxpayers will now be eligible for the Saver's Credit.
  • These students will also be eligible to receive the Saver's Match for their savings.
  • The changes aim to encourage young individuals to start saving for retirement earlier.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Johnson, Julie [D-TX-32].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

CATEGORIES

Taxes Education