A resolution designating April 2025 as "Preserving and Protecting Local News Month" and recognizing the importance and significance of local news.
- Last Action
- 4/1/2025
Actions
- 2025-01-20Read twice and referred to the Committee on Finance.
- 2025-01-20Introduced in Senate
CRS Summary
As of 2025-01-20 (00)
Student Empowerment Act
This bill expands the education-related expenses that may be paid for with tax-free distributions from a qualified tuition program (also known as a 529 plan) to include certain expenses related to elementary, secondary, and homeschool education.
Under current law, distributions from a 529 plan are excluded from gross income if they are used to pay for qualified higher education expenses, which includes up to $10,000 (per year and per beneficiary) for tuition at an elementary or secondary public, private, or religious school.
The bill expands the education-related expenses that may be paid for with tax-free distributions from a 529 plan to include tuition related to homeschooling and the following expenses related to elementary, secondary, and homeschool education:
- curriculum and curricular materials,
- books or other instructional materials,
- online educational materials,
- tutoring or educational classes outside the home,
- testing fees,
- fees for dual enrollment in an institution of higher education, and
- educational therapies for students with disabilities.
Cosponsors (8)
- James Lankford (R-OK)
- Tim Scott (R-SC)
- Tim Sheehy (R-MT)
- John Curtis (R-UT)
- Ron Johnson (R-WI)
- Mike Rounds (R-SD)
- Eric Schmitt (R-MO)
- Rick Scott (R-FL)
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.