The Freedom To Invest in Tomorrow’s Workforce Act will allow those who have IRS Section 529 education accounts to use the funds in those accounts on such expenses as applications, examinations, and fees associated with pursuing private, professional credentials and certifications. A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code.
Representative Spanberger of Virginia’s 7th Congressional District has drafted legislation entitled, H.R. 2171, “Freedom To Invest in Tomorrow’s Workforce Act.” This legislation expands the provisions of existing law with respect to the allowable uses of Section 529 education tuition accounts to include most expenses paid by the holders of private professional certifications. We need you to contact your House and Senate members to ask them to co-sponsor this legislation.
Contact your Members of the House and Senate in Washington today. IHMM has made it easy and simple to use.
See the bottom of the page. Click on the Freedom To Invest in Tomorrow’s Workforce Act and a simple form will come up for you to enter your contact information.
