A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.

119 S2206 IS: To amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses. U.S. Senate 2025-06-30 text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. II 119th CONGRESS 1st Session S. 2206 IN THE SENATE OF THE UNITED STATES June 30, 2025 Mr. Schmitt introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses. 1. Increase in limitation for qualified higher education expenses from 529 accounts (a) In general The last sentence of section 529(e)(3) of the Internal Revenue Code of 1986 is amended by striking $10,000 and inserting $20,000 . (b) Effective date The amendment made by this section shall apply to taxable years beginning after December 31, 2025.