What is the current status of HR 7115?

HR 7115 is currently: Introduced.

Who sponsored HR 7115?

HR 7115 was sponsored by Riley Moore (R), Rep.

Jumpstart Savings for Training Programs

IntroducedJanuary 15, 2026

Introduced9 months ago

Intro

House

Senate

Pres

Referred to the House Committee on Ways and Means.

Taxation

Why This Matters

The Jumpstart Savings Act allows people to save money tax-free for training in specific trades and apprenticeships. This helps individuals prepare for careers in skilled professions by covering necessary expenses.

If you want to train for a skilled job, you can save money without paying taxes on it.

Who this affects

Apprentices · Trade certification seekers · Families

What changes is this bill making?

1This bill creates Jumpstart Programs to help people save for training in trades and apprenticeships.
2Contributions to these programs will not be taxed, encouraging savings for education and training.
3Qualified expenses include tuition, fees, and tools needed for trade occupations.
4People can roll over funds from existing education savings accounts into Jumpstart Programs.
5Reports will be required to track contributions and distributions from these accounts.

Read full document

Last changed 2 months ago · checked hourly

Jumpstart Savings for Training Programs

IntroducedJanuary 15, 2026

Introduced9 months ago

Intro

House

Senate

Pres

Referred to the House Committee on Ways and Means.

Taxation

Why This Matters

If you want to train for a skilled job, you can save money without paying taxes on it.

Who this affects

Apprentices · Trade certification seekers · Families

What changes is this bill making?

1This bill creates Jumpstart Programs to help people save for training in trades and apprenticeships.
2Contributions to these programs will not be taxed, encouraging savings for education and training.
3Qualified expenses include tuition, fees, and tools needed for trade occupations.
4People can roll over funds from existing education savings accounts into Jumpstart Programs.
5Reports will be required to track contributions and distributions from these accounts.

Read full document

Last changed 2 months ago · checked hourly