Bills · S 2206
IN COMMITTEE· 119TH CONGRESS
Senate BillS 2206Taxation
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
INTRO JUN 30· LAST ACTION JUN 30
READING
1MIN
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- Introduced only
LEGISLATIVE PROGRESS
STEP 2 / 8Introduced
In Committee
Reported
Passed Senate
Passed House
Conference
To President
Became Law
WHAT THE BILL DOES
AI-writtenThis bill matters because it provides more financial flexibility for families who choose to send their children to private elementary or secondary schools. By increasing the amount they can withdraw tax-free from 529 accounts for K-12 tuition from $10,000 to $20,000 annually, it could ease some of the financial burden for these families. If this becomes law, families can utilize more of their tax-advantaged savings for K-12 tuition; if it doesn't, the current $10,000 limit remains, potentially requiring families to use other, less tax-efficient funds for tuition exceeding that amount.
KEY PROVISIONS
2AI-extractedPROVISION 01
Increases the annual limit for tax-free withdrawals from 529 accounts used for K-12 elementary or secondary school tuition from $10,000 to $20,000.
This provides families with more tax-advantaged funds to cover private K-12 education costs.
PROVISION 02
The change will apply to tax years beginning after December 31, 2025.
This sets the specific date when families can start taking advantage of the increased limit.
SPONSORSHIP
1 + 0
R· Missouri
YRS IN OFFICE
3
BILLS LED
57
ACTION TIMELINE
2 EVENTSJUN 30
Introduced in Senate
JUN 30
Read twice and referred to the Committee on Finance.
BILL INFO
TypeSenate Bill
NumberS 2206
Congress119th
StatusIn Committee
IntroducedJun 30, 2025
Last actionJun 30, 2025
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IN COMMITTEE· 119TH CONGRESS · FINANCE COMMITTEE · INTRODUCED JUN 30, 2025
Senate BillS 2206Taxation
A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.
INTRODUCED JUN 30, 2025· LAST ACTION JUN 30, 2025
PASSAGE CHANCES
—%
READING
1 min
COSPONSORS
0
COMPLEXITY
Moderate
