S 2206
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
This bill proposes to increase the amount of money that can be withdrawn from 529 college savings accounts for qualified higher education expenses. Currently, the limit is $10,000, but this legislation would raise that limit to $20,000. This change aims to provide families with more flexibility and resources to cover college costs. The changes would take effect starting in 2026.
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