Referred to the House Committee on Ways and Means.
This bill amends the Internal Revenue Code to let individuals who are dependents (those for whom another taxpayer may claim a deduction under section 151) qualify for the retirement saver’s credit (section 25B) and the federal saver’s match (section 6433). It removes the exclusion for full-time students and makes the saver’s credit effective for contributions after enactment and the saver’s match effective as if included in SECURE 2.0.
Liberals emphasize access for students; conservatives emphasize fiscal cost.
Relative to its intended legislative type, this bill is a narrowly focused substantive amendment to the Internal Revenue Code that explicitly modifies eligibility language for two tax provisions and sets effective dates, but it provides limited supporting information on fiscal impact, administrative implementation, edge cases, and oversight.
This bill amends the Internal Revenue Code to let individuals who are dependents (those for whom another taxpayer may claim a deduction under section 151) qualify for the retirement saver’s credit (section 25B) and the federal saver’s match (section 6433).
It removes the exclusion for full-time students and makes the saver’s credit effective for contributions after enactment and the saver’s match effective as if included in SECURE 2.0.
Policy is narrow and low-salience so it could pass as part of a larger tax or student-support package, but lack of offsets and standalone momentum reduce odds.
Relative to its intended legislative type, this bill is a narrowly focused substantive amendment to the Internal Revenue Code that explicitly modifies eligibility language for two tax provisions and sets effective dates, but it provides limited supporting information on fiscal impact, administrative implementation, edge cases, and oversight.
Liberals emphasize access for students; conservatives emphasize fiscal cost.
These are examples from the analysis, not a ranked list of the most-affected groups.
Liberals emphasize access for students; conservatives emphasize fiscal cost.
Likely supportive.
Expands access to retirement incentives for college-age and other dependent workers, addressing an equity gap that currently excludes students.
Seen as a pro-savings, pro-low-income measure.
Cautiously favorable if budgetary impact is reasonable.
Appreciates broadening savings incentives but wants cost estimates, implementation clarity, and protections against overlap or fraud.
Skeptical.
Opposes expanding federal tax credits and matching payments to a larger dependent population without offsets.
Prefers private savings incentives or parental responsibility over new federal spending.
Reached or meaningfully advanced
Reached or meaningfully advanced
Still ahead
Still ahead
Still ahead
Policy is narrow and low-salience so it could pass as part of a larger tax or student-support package, but lack of offsets and standalone momentum reduce odds.
The bill has not accumulated any surfaced votes yet.
Liberals emphasize access for students; conservatives emphasize fiscal cost.
Policy is narrow and low-salience so it could pass as part of a larger tax or student-support package, but lack of offsets and standalone m…
Relative to its intended legislative type, this bill is a narrowly focused substantive amendment to the Internal Revenue Code that explicitly modifies eligibility language for two tax provisions and sets effective dates…
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