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A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
To amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
Summary
This bill increases the annual limit on distributions from 529 education savings accounts from $10,000 to $20,000 for qualified higher education expenses. The change applies to taxable years beginning after December 31, 2025.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Sen. Schmitt, Eric [R-MO] (R-MO)
Actions (2)
- Jun 30, 2025 Read twice and referred to the Committee on Finance. · senate
- Jun 30, 2025 Introduced in Senate
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE SENATE OF THE UNITED STATES
June 30, 2025
Mr. Schmitt introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. INCREASE IN LIMITATION FOR QUALIFIED HIGHER EDUCATION EXPENSES FROM 529 ACCOUNTS.
(a) In General.—The last sentence of section 529(e)(3) of the Internal Revenue Code of 1986 is amended by striking “$10,000” and inserting “$20,000”.
(b) Effective Date.—The amendment made by this section shall apply to taxable years beginning after December 31, 2025. <all>
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