Senate Finance Ranking Member Chuck Grassley (R-IA) introduced a bill that would make permanent a number of education-related tax relief measures. Included in the measure were provisions to permanently include the costs of computer technology and Internet access as a qualified higher education expense (now scheduled to expire the end of 2010) and to permit up to four investment changes per year in 529 accounts. You are currently allowed only two changes in 2009 and is slated to revert back to one after this year. The bill also hopes to make amendments to the Coverdell educational savings account.
Proposal to Make Educational Savings Benefits Permanent
Senate Finance Ranking Member Chuck Grassley (R-IA) introduced a bill that would make permanent a number of education-related tax relief measures. Included in the measure were provisions to permanently include the costs of computer technology and Internet access as a qualified higher education expense (now scheduled to expire the end of 2010) and to permit up to four investment changes per year in 529 accounts. You are currently allowed only two changes in 2009 and is slated to revert back to one after this year. The bill also hopes to make amendments to the Coverdell educational savings account.