The "Skills Investment Act of 2025" renames Coverdell Education Savings Accounts to Coverdell Lifelong Learning Accounts , significantly expanding their utility beyond traditional education. This legislation aims to support continuous skill development and workforce training, with most provisions taking effect on January 1, 2026. A core change broadens eligible expenses to include qualified educational or skill development expenses for beneficiaries aged 16 and older. These new expenses cover a range of workforce training, career and technical education, career services, youth workforce investment activities, and adult education programs, along with related costs like transportation, testing, and necessary computer equipment or internet services. The bill also revises age and contribution rules, eliminating the age 30 limit for account balances and extending the contribution age limit from 18 to 70 years old . For beneficiaries over age 30, the annual contribution limit is increased from $2,000 to $4,000 , though beneficiary changes are restricted after age 30. To encourage investment, the Act introduces a new 25 percent tax credit for employers making nonelective contributions to employees' accounts, and beneficiaries aged 18 or older can deduct their own contributions , with the penalty for non-qualified distributions increasing from 10 percent to 20 percent.