The H.R. 8915, known as the “Education and Workforce Freedom Act,” aims to modify the Internal Revenue Code of 1986. It allows 529 education savings accounts to cover a broader range of expenses as qualified higher education expenses. These include costs related to elementary...
Simple Explanation
The Education and Workforce Freedom Act is a rule that would let families use their 529 education savings accounts to pay for more school things, like books and special classes, whether you're in elementary school, high school, or learning new skills in college.