In CommitteeFiled May 7, 2026
Sponsor: Rep. Thompson, Glenn [R-PA-15] (R)
Latest Action
Referred to the House Committee on Ways and Means.
May 7, 2026
Summary
The bill lets employees and their employers put money into a special account that can be used only for qualified education costs. Contributions up to $10,000 for employees and $5,250 for employers are excluded from taxable income, while non‑educational withdrawals are taxed and penalized. It aims to help workers build skills without a tax burden.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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