Allows fees for college admissions applications to be paid from a 529 plan.
The Application Fees as Eligible Expenses Act, also known as the Application FEES Act, amends the Internal Revenue Code to permit fees for admissions applications to higher education institutions to be paid from a 529 plan. This change allows for the use of funds in a 529 plan to cover the costs associated with applying to college, making it easier for families to manage educational expenses. The amendments apply to distributions made after the enactment of this Act.
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