- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on FinanceIntroducedFebruary 3rd, 2016
- senate Committees
Americans don’t save enough money to adequately plan for their retirement. This tax credit would give working Americans a reward for making contributions to their retirement accounts.
This tax credit misses the mark by only covering Americans that earn less than $32,500 individually or $65,000 for joint filers. That cap should be raised to encourage even more saving.