Summary: H.R.4872 — 114th Congress (2015-2016)All Information (Except Text)

There is one summary for H.R.4872. Bill summaries are authored by CRS.

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Introduced in House (03/23/2016)

Save for Success Act

This bill amends the Internal Revenue Code to: (1) modify the American Opportunity Tax Credit to include an increased credit amount for college savings contributions, and (2) direct the Departments of the Treasury and Education to jointly establish a pilot program to make periodic payments of educational expenses for a student as such expenses are incurred during the taxable year.

Treasury shall establish a taxpayer awareness program to inform the public of the availability of the American Opportunity Tax Credit.