Expanding 529 Accounts: Funding for Workforce Credentials
This act broadens the use of 529 savings accounts to include expenses for postsecondary workforce credentials and certifications. This means more types of training and courses can be funded through these accounts, making it easier for citizens to invest in their professional development and acquire new skills. These changes can help cover costs for exams, program fees, and continuing education required to maintain credentials.
Key points
529 accounts, traditionally for college, now cover professional certifications and training costs.
You can use 529 funds for tuition, books, exams, and continuing education for recognized credentials.
The changes make it easier to finance career development and acquire new, in-demand skills.
Status:
Introduced
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