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Another Bill Proposes 529 Distributions for Homebuyers

Representatives Jimmy Patronis (R-FL) and Gus Bilirakis (R-FL) have introduced H.R. 7393, the Save for Success Act, to allow distributions from qualified tuition programs to be used for qualified housing expenses for first-time homebuyers.

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529 Distributions for Homebuyers Proposed

Representative Tracey Mann (R-KS) and several co-sponsors have introduced H.R. 7468, the First-Time Homebuyer Empowerment Act.

Regulatory and Legislative Legislative updates 529 account News Articles

IRS Posts 2025 Publication 970

The Internal Revenue Service has posted the 2025 tax year version of Publication 970, Tax Benefits for Education.

Regulatory and Legislative 529 account Defined benefit plan Defined contribution plan IRA IRS News Articles

IRS Announces Deadline Relief for Montana Storm Victims

The Internal Revenue Service has announced the postponement of certain tax-related deadlines for victims of severe storms and flooding in several areas of Montana until May 1, 2026.

Regulatory and Legislative Defined benefit plan Defined contribution plan IRA HSA 529 account ABLE Account IRS News Articles

IRS Issues Updated Form and Instructions for Form 5498-ESA

The Internal Revenue Service has issued updated Form 5498-ESA, Coverdell ESA Contribution Information, and correlating instructions.

Regulatory and Legislative 529 account IRA News Articles

IRS Announces Deadline Relief for Minnesota Severe Storms

The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms and straight-line winds in Leech Lake Band of Ojibwe until February 2, 2026.

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IRS Posts 2025 Form 5329 for Savings Arrangement Excise Tax Reporting

The Internal Revenue Service has posted Instructions for Instructions for Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts, for 2025.

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IRS Posts 2025 Form 5329

The Internal Revenue Service (IRS) has posted 2025 Form 5329, Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.

Regulatory and Legislative 529 account ABLE Account Defined benefit plan Defined contribution plan IRA IRS HSA News Articles

IRS Releases 2025 “Saver's Credit” Form

The IRS has finalized the 2025 Form 8880, Credit for Qualified Retirement Savings Contributions.

Regulatory and Legislative Defined benefit plan Defined contribution plan IRA IRS 529 account ABLE Account News Articles

IRS Posts Draft 2025 "Saver's Credit" Form

The IRS has posted another draft 2025 Form 8880, Credit for Qualified Retirement Savings Contributions.

Regulatory and Legislative Defined benefit plan Defined contribution plan IRA IRS 529 account ABLE Account News Articles

President Signs Tax Bill

President Trump signed into law tax legislation known as the ‘One Big Beautiful Bill Act’ on July 4th.

Regulatory and Legislative 529 account ABLE Account HSA Legislative updates News Articles

2025 Tax Bill Provides Key Changes for Savers

Congress passed the tax bill known as the One Big Beautiful Bill Act (OBBBA) on July 3, 2025.

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Senate Releases Draft of Tax Bill

The Senate Finance committee released bill text for inclusion in the Senate’s version of the budget reconciliation bill yesterday.

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House Passes Reconciliation Tax Bill

The House of Representatives has passed their version of the reconciliation tax bill—H.R. 1, the One Big Beautiful Bill Act—by a vote of 215-214.

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Tax Bill Passes out of Committee

The House Committee on Ways and Means has approved their tax package out of committee by a party line vote of 26-19 following a markup hearing.

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