- Industry & Regulatory News
- 529 account
529 account
Industry & Regulatory News
Proposal Expanding 529 qualified expenses Introduced
Representatives Marie Gluesenkamp Perez (D-WA) and co-sponsor Chuck Edwards (R-NC) have introduced H.R. 808,
Industry & Regulatory News
House Proposal Would Expand 529 Use
Rep. Kevin Hern, (R-OK), and three Republican co-sponsors have introduced HR 8915, the Education and Workforce Freedom Act.
Industry & Regulatory News
Child Savings Account Proposal Introduced
Senator Bob Casey (D-PA) and several co-sponsors have introduced S. 3716, the 401Kids Savings Account Act.
Industry & Regulatory News
IRS Announces Rollover Relief for Maryland Prepaid College Trust Accounts
The Internal Revenue Service has issued Notice 2024-23 providing relief for taxpayers impacted by system issues affecting the Maryland Prepaid College Trust.
Industry & Regulatory News
Legislation Proposed to Expand 529 Use
Senator Mike Lee (R-UT) has introduced S. 3520, the Achieving Choice in Education Act or the ‘‘ACE Act’’.
Industry & Regulatory News
SECURE 2.0 Technical Corrections Draft Released
The Senate and House committees of jurisdiction have released a draft containing technical corrections and other clarifications to SECURE 2.0.
Industry & Regulatory News
Bill Introduced to Expand 529 Plan Eligible Expenses
Senator Ted Cruz (R-TX) has reintroduced the Student Empowerment Act. The bill would allow public, private, and religious school students to use 529 savings accounts to cover K-12 expenses—including expenses related to tutoring, testing fees, and educational therapies for students with disabilities.
Industry & Regulatory News
Washington Pulse: SECURE 2.0 is Congress’s Retirement Enhancement Encore
Retirement legislation has been a welcome area of bipartisan cooperation in the U.S. Congress, marked by a history of Republican and Democratic bill co-sponsorship and support. A recent example is the Setting Every Community Up for Retirement Enhancement Act—the SECURE Act—passed and signed into law in 2019. The SECURE Act has been hailed as the most important retirement enhancement legislation in more than a decade.
Industry & Regulatory News
Legislation to Encourage 529 Plan Savings Introduced
May 3, 2022 - Senators Maggie Hassan (D-NH) and Susan Collins (R-ME) have introduced S. 4103, the Helping Parents Save for College Act. The bill would provide low- and middle-income parents with a tax credit for contributions to 529 education savings accounts by expanding the Saver’s Credit. The credit would be worth up to 50 percent of 529 account contributions, with a maximum credit of $2,000 for low-and-middle income families.