S. 152, known as the "Student Empowerment Act," aims to amend the Internal Revenue Code of 1986 to allow kindergarten through grade 12 educational expenses to be paid from a 529 account. The bill permits the use of 529 accounts for various educational expenses related to...
Simple Explanation
S. 152 wants to let people use special savings accounts, called 529 accounts, to pay for more than just college stuff, like books and classes for kids in kindergarten to 12th grade. This means they could use these savings to help pay for school supplies and even learning at home!