H.R. 2852 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Ways and Means, Apr 10, 2025
What this bill does
In plain words · AI-written from the official summaryLets full-time students claim saver's tax credit
Right now, full-time students can't get help saving for retirement through federal tax credits. This bill would change that, letting them qualify for the Saver's Credit through 2026 and the Saver's Match starting in 2027. These are programs that give tax help—either a credit or matching money—to people who put money into retirement accounts.
How it affects you
Full-time students who save for retirement would benefit directly. They'd be able to get a tax credit or matching contributions (up to $1,000, or $2,000 if married) when they put money into retirement accounts like IRAs or employer plans. Right now, students are left out of these savings programs entirely.
Read the official summary (Introduced in House, Apr 10, 2025)
Expanded Student Saver's Tax Credit Act
This bill allows full-time students to qualify for the federal Retirement Savings Contribution Tax Credit (commonly known as the Saver’s Credit) through 2026 and the federal Saver’s Match beginning in 2027.
As background, an eligible individual may claim the nonrefundable Saver’s Credit for a percentage of contributions made to a qualified retirement account (e.g., individual retirement account or employer-sponsored retirement account). The maximum Saver’s Credit amount allowed is $1,000 (or $2,000 for married joint filers).
Under current law, the Saver’s Credit will be replaced by the Saver’s Match in 2027. Under the Saver's Match, a matching contribution of up to $1,000 (or $2,000 for married joint filers) may be deposited into an individual’s qualified retirement account.
Full-time students are currently not eligible for the Saver’s Credit or Saver’s Match. Under the bill, the definition of an eligible individual for purposes of the Saver’s Credit and the Saver’s Match is modified to include full-time students.
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2852
A BILL
Expanded Student Saver’s Tax Credit Act
Sponsor: Rep. Julie Johnson (D-TX-32) · Introduced Apr 10, 2025 · Taxation · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Apr 10, 2025: “Referred to the House Committee on Ways and Means.”