S.152

Student Empowerment Act allows 529 accounts to cover K-12 tuition, therapies, and other educational expenses.

The Student Empowerment Act amends the Internal Revenue Code to expand the definition of qualified higher education expenses under 529 accounts. This change allows these accounts to cover tuition, curriculum materials, books, online educational materials, tutoring fees, standardized test fees, dual enrollment fees, and educational therapies for students with disabilities. The bill also includes homeschool expenses within this definition. The amendments apply to distributions made after the enactment of the Act.