Bill > S152

This bill amends the Internal Revenue Code to expand the definition of "qualified higher education expenses" in 529 accounts (tax-advantaged savings plans typically used for college expenses) to include a wide range of kindergarten through grade 12 educational expenses. Specifically, the bill allows 529 account funds to be used for tuition, curriculum and instructional materials, books, online educational materials, tutoring (from non-related, qualified instructors), standardized and advanced placement test fees, dual enrollment fees, and educational therapies for students with disabilities. The bill covers expenses for students in public, private, religious, and homeschool settings. Importantly, the expanded definition applies to distributions made after the bill's enactment date, giving families more flexibility in using their education savings accounts for K-12 educational expenses beyond traditional higher education costs. The bill is called the "Student Empowerment Act" and represents a significant broadening of how families can use tax-advantaged education savings.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/152/all-info