HR 529 would provide 529 improvements
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.
Return to 529 News center(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.