Freedom to Invest in Tomorrow’s Workforce Act Resources

Workforce
 
As noted previously, the association supports the bipartisan Freedom to Invest in Tomorrow’s Workforce Act.  This bill, which provisions of it were included in the reconciliation package that President Trump signed into law on July 4thof this year, would expand qualified expenses under 529 savings plans to include postsecondary training and credentialing, such as licenses and professional certifications, books, and testing costs related to workforce training programs. It would provide valuable tax-advantaged resources for families, students and workers—with or without a college degree—who pursue career growth, mid-career changes or pathways that diverge from a typical academic route.  

The Power of Associations put together a FAQ and resources about 529 Plans and this expansion to cover eligible postsecondary credentialing programs.