S. 2206 — A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses.

S. 2206 — A bill to amend the Internal Revenue Code of 1986 to increase the limitation on distributions from 529 accounts for qualified higher education expenses. | JustPolicyThe main purpose of this legislative proposal is to increase the amount of money that can be withdrawn from 529 college savings accounts for qualified higher education expenses. This change aims to help families save and pay for college costs more effectively. The key provision in this proposal is the increase in the limit on distributions from 529 accounts. Currently, families can withdraw up to 0,000 for qualified education expenses. This bill proposes to raise that limit to $20,000.