Helping Parents Educate Children During the Coronavirus Pandemic This bill expands the types of educational expenses that may be paid from a qualified tuition program (commonly known as a 529 plan) for students enrolled at or attending an elementary or secondary public, private, or religious school. It also permits payments of certain education expenses for home schooling during the COVID-19 (i.e., coronavirus disease 2019) emergency period beginning on March 13, 2020, and ending on the date the emergency period has ended. The bill also permits penalty free distributions from tax-preferred retirement plans for the period after February 29, 2020, and before January 1, 2021, if contributed to a 529 plan.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2936)
Introduced in Senate
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S2936)
Taxation
Academic performance and assessmentsBank accounts, deposits, capitalBooks and print mediaCardiovascular and respiratory healthElementary and secondary educationEmergency medical services and trauma careEmployee benefits and pensionsHigher educationIncome tax deferralIncome tax exclusionInfectious and parasitic diseasesSpecial educationStudent aid and college costsTeaching, teachers, curricula
Helping Parents Educate Children During the Coronavirus Pandemic
USA116th CongressS-3949| Senate
| Updated: 6/11/2020
Helping Parents Educate Children During the Coronavirus Pandemic This bill expands the types of educational expenses that may be paid from a qualified tuition program (commonly known as a 529 plan) for students enrolled at or attending an elementary or secondary public, private, or religious school. It also permits payments of certain education expenses for home schooling during the COVID-19 (i.e., coronavirus disease 2019) emergency period beginning on March 13, 2020, and ending on the date the emergency period has ended. The bill also permits penalty free distributions from tax-preferred retirement plans for the period after February 29, 2020, and before January 1, 2021, if contributed to a 529 plan.
Academic performance and assessmentsBank accounts, deposits, capitalBooks and print mediaCardiovascular and respiratory healthElementary and secondary educationEmergency medical services and trauma careEmployee benefits and pensionsHigher educationIncome tax deferralIncome tax exclusionInfectious and parasitic diseasesSpecial educationStudent aid and college costsTeaching, teachers, curricula