Expanding 529s should be part of the solution to assist parents and students across the country.
This week ITR joined a coalition of groups led by Americans for Tax Reform, encouraging Congress to expand tax-advantaged 529 programs to cover learning-at-home costs sparked by the coronavirus.
As Americans across the country are self-isolating, students have been forced to learn from home, a situation that has led to additional costs like curriculum, books, and online materials.
Best known for helping families save for college, 529 accounts allow people to use after-tax dollars to offset a range of K-12 education expenses. As lawmakers work through proposals to mitigate the damage caused by this pandemic, expanding 529s should be part of the solution to assist parents and students across the country.
Read the letter sent to Senate Majority Leader Mitch McConnell and House Minority Leader Kevin McCarthy