College Savings Act of 2005
Last action on Jan 24, 2005Read twice and referred to the Committee on Finance. (tex...
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Summary
College Savings Act of 2005 - Amends the Internal Revenue Code to: (1) increase the maximum annual contribution limit for Coverdell education savings accounts from $2,000 to $5,000; and (2) allow a tax deduction up to $5,000 for contributions to an education savings account.
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