Search Results for keywords:"freedom to invest in tomorrow's workforce act"

Search Results: keywords:"freedom to invest in tomorrow's workforce act"

S. 756 — To amend the Internal Revenue Code of 1986 to treat certain postsecondary credentialing expenses as qualified higher education expenses for purposes of 529 accounts.
February 26, 2025
Status:Introduced in Senate
Congress:119
Words:922
S. 756, also known as the “Freedom to Invest in Tomorrow’s Workforce Act,” aims to amend the Internal Revenue Code to allow 529 savings plans to cover certain expenses related to obtaining postsecondary credentials. It defines these covered expenses to include tuition, fees,...
Simple Explanation
S. 756 is a bill that lets people use special savings accounts called 529 plans to help pay for certain school-related costs when getting special job certificates, like how you use a piggy bank to save up for toys or books.
H. R. 1151 — To amend the Internal Revenue Code of 1986 to treat certain postsecondary credentialing expenses as qualified higher education expenses for purposes of 529 accounts.
February 07, 2025
Status:Introduced in House
Congress:119
Words:907
H.R. 1151 proposes changes to the Internal Revenue Code of 1986 to allow certain postsecondary credentialing expenses to be classified as qualified higher education expenses for 529 savings accounts. This means that tuition, fees, books, and supplies for recognized credential...
Simple Explanation
H.R. 1151 wants to change the rules so that people can use special savings called 529 accounts to pay for certain school programs that help them learn new skills for work, like tests and classes. These programs are chosen by the government to help people find good jobs.

Showing 1 to 2 of 2 results