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New 529 Account Rules for Vocational Training and Certifications

This act expands how 529 savings accounts can be used. Now, funds can cover not only traditional college expenses but also costs related to vocational certification programs and training that help acquire new job skills. This allows more people to invest in their professional development while benefiting from tax advantages.
Key points
You can use 529 account funds for tuition, fees, books, and equipment for recognized postsecondary credential programs.
It also covers testing fees and continuing education required to obtain or maintain professional credentials.
The changes apply to distributions made after the act's enactment, providing immediate benefits for savers.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_756
Sponsor: Sen. Klobuchar, Amy [D-MN]
Process start date: 2025-02-26
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Freedom to Invest in Tomorrow’s Workforce Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_756.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-26.

What are the main provisions?

Key points include:

  • You can use 529 account funds for tuition, fees, books, and equipment for recognized postsecondary credential programs.
  • It also covers testing fees and continuing education required to obtain or maintain professional credentials.
  • The changes apply to distributions made after the act's enactment, providing immediate benefits for savers.
What is the specific legal status?

The current status is Introduced.

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. Klobuchar, Amy [D-MN].

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 2025-12-23.

CATEGORIES

Taxes Education Labor