Save for Success Act
To amend the Internal Revenue Code of 1986 to allow distributions from qualified tuition programs for qualified housing expenses, and for other purposes.
The Save for Success Act proposes to change the Internal Revenue Code to allow people to use money saved in qualified tuition programs for certain housing expenses. This bill aims to give families more flexibility in managing their education savings and housing costs. If passed, it would affect anyone with a qualified tuition program, such as a 529 plan, and families facing housing expenses.
Currently, the bill has just been introduced in the House and has been referred to the House Committee on Ways and Means. This is the first step in the legislative process, where the bill will be reviewed and possibly revised. As of now, there are no further actions or history highlights available for this bill.
The Save for Success Act is a bipartisan effort, co-sponsored by Gus Bilirakis (Republican) and Darren Soto (Democrat), with Jimmy Patronis (Republican) as the primary sponsor. The bill was introduced and referred on February 5, 2026.
