Sec. 402. Helping parents educate children during the coronavirus pandemic
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/bill/116/s/4537/is/section-402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 529(c)(7) of the Internal Revenue Code of 1986 is amended to read as follows: Any reference in this section to the term qualified higher education expense shall include a reference to the following expenses in connection with enrollment or attendance at, or for students enrolled at or attending, an elementary or secondary public, private, or religious school: Tuition. Curriculum and curricular materials. Books or other instructional materials. Online educational materials.
Tuition for tutoring or educational classes outside of the home, including at a tutoring facility, but only if the tutor or instructor is not related to the student and— is licensed as a teacher in any State, has taught at an eligible educational institution, or is a subject matter expert in the relevant subject. Fees for a nationally standardized norm-referenced achievement test, an advanced placement examination, or any examinations related to college or university admission.
Fees for dual enrollment in an institution of higher education. Educational therapies for students with disabilities provided by a licensed or accredited practitioner or provider, including occupational, behavioral, physical, and speech-language therapies. Such term shall include expenses for the purposes described in subparagraphs (B), (C), (D), (E), and
(H)in connection with a homeschool (whether treated as a homeschool or a private school for purposes of applicable State law). . The amendment made by subsection
(a)shall apply to distributions made after the date of the enactment of this Act. In the case of a distribution from an eligible retirement plan described in clause (i), (ii), or
(iii)of section 402(c)(8)(B) of the Internal Revenue Code of 1986 after February 29, 2020, and before January 1, 2021— section 72(t) of such Code shall not apply to such distribution; such distribution shall be treated as meeting the requirements of section 401(k)(2)(B)(i), if applicable; and such distribution shall be treated as having been contributed in a direct trustee-to-trustee transfer within 60 days of the distribution for purposes of section 401(a)(31) or 408(d)(3), whichever is applicable, if within 60 days of such distribution, an amount equal to the amount of such distribution is contributed to a qualified tuition program under section 529 of the Internal Revenue Code of 1986.