In CommitteeFiled Feb 5, 2026
Sponsor: Rep. Patronis, Jimmy [R-FL-1] (R)
Latest Action
Referred to the House Committee on Ways and Means.
Feb 5, 2026
Summary
The bill changes the tax code so that withdrawals from a 529 qualified tuition program can cover qualified housing expenses, including the purchase of a principal residence, closing costs, and mortgage payments. It only applies to beneficiaries who have not owned a home in the three years before the purchase. The new rule takes effect for distributions made after December 31, 2026.
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