To amend the Internal Revenue Code of 1986 to increase the maximum annual contribution to education individual retirement accounts to $5,000 for higher education purposes.
Higher Education Affordability Act of 1998 - Amends the Internal Revenue Code to increase from $500 to $5,000 the maximum annual contribution limit for an education individual retirement account.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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