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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.
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Status:
Expired
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Additional Information
Student Empowerment Act
Print number: HR 605
Sponsor: Rep. Smith, Jason [R-MO-8]
Process start date: 2021-01-28
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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Summary & Status

Key Questions about New 529 Account Rules for K-12 and Homeschool Education

A structured overview of the legislative process, official sources, status and civic context.

What is the official ID of this bill?

The official print number for this legislation is 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.

Analysis and Potential Impact of HR 605

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge. Review our public AI processing logs for full transparency, and use Lustra to track active legislation for instant status push notifications.

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