The One Big Beautiful Bill Act, signed into law by President Trump on July 4, included an Argentum-supported measure to allow tax-exempt distributions from 529 savings plans to be used for workforce development purposes, including credentialing programs. Argentum advocated for this concept through the Freedom to Invest in Tomorrow’s Workforce Act (H.R. 1151 & S. 756) to help senior living workers seeking to advance their career through various credentialing programs.
The Tomorrow’s Workforce Coalition has published a new Frequently Asked Questions webpage on the legislation, including:
- How does the new law expand 529 Plans for Postsecondary Credentials?
- What is considered a Recognized Postsecondary Credential?
- What is considered a Recognized Postsecondary Credential Program?