This bill lets families use money from education savings plans to pay for transportation and parking costs related to school. It aims to ease the financial burden on students and their families.
If you have a child in school, you can now use education savings for their transportation costs.
Who this affects
Families with children
What changes is this bill making?
1This bill allows families to use education savings plans for transportation costs.
2Students can cover reasonable parking and travel expenses to eligible schools.
3The bill also includes transportation costs for apprenticeship programs.
4These changes apply to distributions made after the bill is enacted.
5The bill updates the tax code to reflect these new eligible expenses.
