529 Expansion and Modernization Act of 2018
This bill allows tax-exempt distributions from qualified tuition programs (known as 529 plans) to be used for:
The bill also allows employers to make contributions to an employee's 529 plan as a fringe benefit that is excluded from the gross income of the employee. The contributions per employee may not exceed $500 per year (adjusted for inflation after 2019) and must be made in connection with a payroll deduction contribution program.