Education for Life Act of 1998

Summary

Education for Life Act of 1998 - 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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Timeline

1. 3 March 1998

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 March 1998

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 March 1998

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 March 1998 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 March 1998

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 March 1998

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 March 1998

  Open at official source

Sponsors

• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Weldon, Curt [R-PA-7] · R · Sponsor
• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• · hswm00 · Standing

Related records

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