H.R.6289 - Making College Affordable Act of 2012

To amend the Internal Revenue Code of 1986 to expand access to Coverdell education savings accounts. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to expand access to Coverdell education savings accounts. as introduced.
  • Short: Making College Affordable Act of 2012 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
08/02/12
 
 
 
 
 
 
 

Sponsor

G000562

Senator

Cory Gardner

R-CO

View Co-Sponsors (9)

Official Summary

Making College Affordable Act of 2012 - Amends the Internal Revenue Code, with respect to Coverdell education savings accounts, to: (1) increase the age limit for beneficiaries of such accounts after which contributions may not be made from age 18 to age 26, (2) increase the maximum contrib

Official Summary

Making College Affordable Act of 2012 - Amends the Internal Revenue Code, with respect to Coverdell education savings accounts, to:
(1) increase the age limit for beneficiaries of such accounts after which contributions may not be made from age 18 to age 26,
(2) increase the maximum contribution limit in any taxable year from $2,000 to $10,000, and
(3) allow an annual inflation adjustment to the increased contribution limit for taxable years beginning in a calendar year after 2012.

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