Freedom to Invest in Tomorrow’s Workforce Act

This bill expands what 529 accounts can pay for. It treats certain job-training and professional credential costs as “qualified” education expenses, so you could use a 529 for those costs too.

Covered costs include tuition, fees, books, supplies, and equipment for approved credential programs, plus testing fees to get or keep a credential and required continuing-education fees. Approved programs and credentials include ones on your state’s workforce list, in the VA’s WEAMS directory, in the Defense Department’s COOL directory, registered apprenticeships, occupational or professional licenses, and other industry‑recognized credentials identified by the government.

• Who is affected: People using 529 accounts for education and training in recognized credential programs, apprenticeships, or licensed professions.
• What changes: 529 funds could cover credential program costs, required exams, and required continuing education for maintaining a credential.
• When: Applies to 529 distributions made after the law is enacted.