Expanded Student Saver's Tax Credit Act
This bill revises the tax credit for retirement savings contributions to allow full-time students to qualify for such credit.
To amend the Internal Revenue Code of 1986 to allow students to take 
                          the saver's credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Expanded Student Saver's Tax Credit 
Act''.

SEC. 2. CREDIT FOR ELECTIVE DEFERRALS AND IRA CONTRIBUTIONS ALLOWED TO 
              INDIVIDUALS WHO ARE FULL-TIME STUDENTS.

    (a) In General.--Section 25B(c)(2) of the Internal Revenue Code of 
1986 is amended--
            (1) in the heading, by striking ``and full time students'',
            (2) by striking ``include--'' and all that follows through 
        the period and inserting ``include any individual with respect 
        to whom a deduction under section 151 is allowed to another 
        taxpayer for a taxable year beginning in the calendar year in 
        which such individual's taxable year begins.''
    (b) Effective Date.--The amendments made by this section shall 
apply to contributions made after the date of the enactment of this 
Act.
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Expanded Student Saver’s Tax Credit Act
To amend the Internal Revenue Code of 1986 to allow students to take the saver's credit.
Expanded Student Saver’s Tax Credit Act
Rep. Allred, Colin Z.