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New 529 Account Rules for K-12 and Homeschool Education

This act expands the use of 529 savings accounts. Funds can now be used for a broader range of K-12 educational expenses, including public, private, religious schools, and homeschooling. This provides greater flexibility for families in financing their children's education.
Key points
529 accounts can now cover tuition for elementary and secondary schools (K-12).
Funds from 529 accounts can be used for curriculum, books, online materials, and tutoring.
The act allows 529 funds to cover standardized tests, college admission exams, and dual enrollment fees.
Support for homeschooling: homeschooling expenses are now qualified for 529 funding.
Ability to cover educational therapies for students with disabilities provided by licensed practitioners.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_HR_605
Sponsor: Rep. Smith, Jason [R-MO-8]
Process start date: 2021-01-28
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Student Empowerment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_605.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-28.

What are the main provisions?

Key points include:

  • 529 accounts can now cover tuition for elementary and secondary schools (K-12).
  • Funds from 529 accounts can be used for curriculum, books, online materials, and tutoring.
  • The act allows 529 funds to cover standardized tests, college admission exams, and dual enrollment fees.
  • Support for homeschooling: homeschooling expenses are now qualified for 529 funding.
  • Ability to cover educational therapies for students with disabilities provided by licensed practitioners.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Smith, Jason [R-MO-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Education Taxes Family