H.R. 3574 — To amend the Internal Revenue Code of 1986 to permit qualified distributions from section 529 plans for certain transportation and parking expenses.

H.R. 3574 — To amend the Internal Revenue Code of 1986 to permit qualified distributions from section 529 plans for certain transportation and parking expenses. | JustPolicyThe purpose of this legislation is to update the tax code to allow for certain transportation and parking expenses to be covered by section 529 education savings plans. These plans are typically used to save for qualified education expenses, and this change aims to provide more flexibility for families managing the costs associated with education. Key provisions of the legislation include the addition of transportation and parking expenses as qualified distributions from 529 plans.