H. R. 8438 proposes changes to the Internal Revenue Code of 1986 to allow money from section 529 plans to be used for transportation and parking costs. These costs must be reasonable and related to attending an eligible educational institution, and must not exceed the...
Simple Explanation
H.R. 8438 is a bill that wants to make it okay for people to use special college savings money to pay for getting to school or an apprenticeship, like bus fare or parking, as long as the school agrees it's a reasonable amount.