H.R. 6250 — Skills Investment Act of 2018

Summary

Skills Investment Act of 2018

This bill expands tax-favored Coverdell education savings accounts to allow the accounts to be used for educational or skill development expenses such as training services, career and technical education activities, career services, youth workforce investment activities, and adult education and literacy activities.

The bill also:

renames the accounts "Coverdell lifelong learning accounts,"
increases contribution limits,
modifies the age-based contribution restrictions,
allows a tax credit for a portion of an employer's contributions to an employee's account, and
allows beneficiaries to deduct contributions made by or on behalf of the beneficiary.

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Related Legislation

S. 3145Skills Investment Act of 2018
2018-06-27Read twice and referred to the Committee on Finance.
Related

Legislative Actions

2018-06-27
Introduced in House
2018-06-27
Introduced in House
2018-06-27
Referred to the House Committee on Ways and Means.

Skills Investment Act of 2018

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Summary

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Related Legislation

Legislative Actions

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