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United States · Bill · HR

H.R. 2873 (106th)

Education for Life Act of 1999

referredUnited States· United States Congress· EN

Introduced

15 September 1999

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

20 August 2025

Summary

Education for Life Act of 1999 - Amends the Internal Revenue Code to expand permitted withdrawals from education individual retirement accounts to include: (1) qualified elementary and secondary education expenses (including home schooling expenses); and (2) qualified job training expenses. Increases from: (1) $500 to $2,500 the maximum amount which may annually be contributed to such an account; and (2) 18 to 55 the age until which contributions may be made to a beneficiary's account. Permits a deduction (for both itemizers and nonitemizers) for such contributions.

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Documents

3 official files

Introduced in House (text)

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