A bill to amend the Internal Revenue Code of 1986 to eliminate the aggregate limitation on rollovers from a 529 program to a Roth IRA.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to remove the aggregate (total) limit on rollovers from 529 education savings plans to Roth IRAs. Currently, federal law caps the amount that can be rolled over from a 529 plan to a Roth IRA; this bill would eliminate that cap, allowing individuals to transfer larger amounts from their education savings accounts into retirement accounts.
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How your representatives voted
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