H. R. 939 proposes changes to the Internal Revenue Code of 1986 to allow expenses for kindergarten through grade 12 to be paid from a 529 account, which traditionally supports higher education costs. The bill expands the definition of "qualified higher education expense" to...
Simple Explanation
H. R. 939 lets people use a special kind of savings account, called a 529 plan, to pay for school things like books and classes from kindergarten all the way to 12th grade, not just for college. This means families can use it for regular schools, homeschool, or even if they need extra help like tutoring.