Summary: H.R.1194 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.1194. Bill summaries are authored by CRS.

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Introduced in House (02/13/2019)

Graduate Student Savings Act of 2019

This bill allows funds paid to an individual to aid in the pursuit of graduate or postdoctoral study or research to be saved in an Individual Retirement Account (IRA). The bill permits the funds to be considered compensation for purposes of current law provisions that limit annual deductible IRA contributions to the lesser of (1) the deductible amount permitted under current law, or (2) the compensation includible in the individual's gross income for the year.