H. R. 464, known as the "Skills Investment Act of 2025", proposes changes to the Internal Revenue Code to rename and expand the use of Coverdell education savings accounts, calling them Coverdell lifelong learning accounts. The bill allows these accounts to cover not just...
Simple Explanation
The Skills Investment Act of 2025 wants to help people keep learning new things by letting them use special savings accounts not just for school, but also for other learning activities as they grow up. It also wants to encourage bosses to help their workers keep learning by giving them money for their accounts and making sure everyone knows the new rules.