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Inflation-Adjusted Education Investment Act

This bill amends the Internal Revenue Code to increase the limitation on distributions from qualified tuition programs (Section 529) used for elementary and secondary tuition from $10,000 to $12,000. It also establishes an annual inflation adjustment for this amount for taxable years beginning after 2022. The amendments apply to taxable years beginning after December 31, 2021.
Key points
The limitation on distributions for elementary and secondary tuition increases from $10,000 to $12,000.
An inflation adjustment is added for taxable years beginning after 2022.
The changes apply to taxable years beginning after December 31, 2021.
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Additional Information
Print number: 117_S_4265
Sponsor: Sen. Kennedy, John [R-LA]
Process start date: 2022-05-19
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OFFICIAL LEGAL TITLE

Inflation-Adjusted Education Investment Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4265.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-05-19.

What are the main provisions?

Key points include:

  • The limitation on distributions for elementary and secondary tuition increases from $10,000 to $12,000.
  • An inflation adjustment is added for taxable years beginning after 2022.
  • The changes apply to taxable years beginning after December 31, 2021.
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 Sen. Kennedy, John [R-LA].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2026-01-02.

CATEGORIES

Taxes Education