Proposal to eliminate the penalty and taxes on 529/Coverdale Educational savings withdrawals if your child decides to join the military rather than attend college after graduating high school.
A child should not be penalized or taxed for using college savings funds that were responsibly saved for them if they opt to serve our nation full-time in the military rather than attend college. This proposal would waive all penalties and taxes and grant access to all qualified college savings upon enlisting full-time in any branch of the country’s military.