S 152 · 119th CongressIn Committeecongress.gov ↗

Student Empowerment Act

What this bill does

AI plain-language summary

This bill would let families use money from 529 college savings plans to pay for more types of school-related expenses without being taxed on those withdrawals. Right now, 529 plans can cover higher education costs and up to $10,000 a year for tuition at elementary or secondary schools. The bill would expand what counts as an approved expense to include things like homeschool tuition, textbooks, curriculum materials, online learning tools, tutoring, testing fees, dual enrollment college courses, and educational therapies for students with disabilities.

Introduced

January 20, 2025

Policy Area

Taxation

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