To amend the Internal Revenue Code of 1986 to modify the annual contribution limit for Coverdell education savings accounts.
Education Savings Modernization Act of 2009 - Amends the Internal Revenue Code to: (1) increase from $2,000 to $4,000 the annual contribution limit to Coverdell education savings accounts; and (2) adjust such contribution limit for inflation after 2009.
Makes permanent provisions enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001 relating to Coverdell education savings accounts and qualified tuition programs.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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