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HR 529 would provide 529 improvements
(January 27, 2015) - On January 26, 2015, HR 529 was introduced in Congress by Reps. Lynn Jenkins (R-KS) and Ron Kind (D-WI). The bill would provide three improvements to 529 plans:
(1) including computers, Internet, and computer equipment used primarily by the beneficiary as qualified higher education expenses,
(2) eliminating all distribution aggregation requirements, even when multiple accounts exist in a 529 plan with the same owner and beneficiary, and
(3) allow account owners to redeposit contributions to a 529 plan within 60 days after the school issues a refund of qualified expenses due to the beneficiary's withdrawal from school.