CONGRESS FOR VOTERS

RepublicanBill · S. 2206· Senate(119-S-2206)

A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.

Rep. Schmitt
Age: 51 years
Missouri
Introduced
6/30/2025
Last activity
6/30/2025 — Read twice and referred to the Committee on Finance.
Sponsored by
Eric Schmitt
Cosponsors
None
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill proposes an amendment to the Internal Revenue Code of 1986. It seeks to increase the current limitation on distributions from 529 accounts used for qualified higher education expenses. Specifically, the bill would raise the limit from $10,000 to $20,000. This change would apply to taxable years beginning after December 31, 2025.

Yes· 3 of 7

  • Would middle-income households be better off under this?+5

    The bill benefits middle-class families who utilize 529 plans to save for education.

  • Would students be better off under this?+5

    Increased distribution limits allow for greater ease in paying for higher education costs.

  • Does this make college cost less?+5

    Doubling the distribution limit increases the practical utility of 529 plans for college costs.

The opposite

No question was scored the opposite.