1. Short title This Act may be cited as the Save for Success Act . 2. American opportunity tax credit savings credit (a) In general Section 25A of the Internal Revenue Code of 1986 is amended by redesignating subsection (j) as subsection (k) and by inserting after subsection (i) the following: (j) Special rules relating to AOTC savings credit (1) In general For purposes of this section, the term qualified tuition and related expenses with respect to any individual includes eligible college savings contributions for such individual. Such contributions shall be taken into account for purposes of subsection (i)(1)(A) before tuition and fees. (2) Limitation (A) In general The aggregate amount of contributions with respect to an individual which may be taken into account under paragraph (1) for a taxable year is $250. (B) Phase out The dollar amount in subparagraph (A) shall be reduced (but not below zero) by the amount which bears the same ratio to such dollar amount as— (i) the number of percentage points (if any) in excess of 133 percent that the taxpayer’s household income for the taxable year is of the poverty line for a family of the size involved, bears to (ii) 400 percentage points. (3) Terms relating to income and families The terms family size , household income , and poverty line shall have the meanings given such terms by section 36B(d). (4) Eligible higher education contribution For purposes of paragraph (1), the term eligible college savings contribution with respect to an individual means the excess of— (A) contributions by the taxpayer in the taxable year to qualified college savings accounts of which the individual is the beneficiary, over (B) distributions from all such qualified college savings accounts for the taxable year. (5) Qualified college savings accounts The term qualified college savings account with respect to which such individual is the beneficiary means— (A) an account under a qualified tuition program (as defined by section 529), and (B) an account under a program of a State (or