Fact-check · Aug 24, 2026 · Donald Trump
“Doubling the annual withdrawal cap from k 12 expenses to $20,000 a year”
TRUE
What the record shows
The One Big Beautiful Bill Act (signed July 4, 2025) increased the 529 K-12 annual withdrawal limit from $10,000 to $20,000 per student, effective January 1, 2026.
Sources
- The big changes to 529s in the 2025 spending bill | Empower
- The Latest 529 Plan Rule Changes: What's New for 2026
- 529 Plans and the OBBBA: What You Need to Know | BlackRock
- Re-Examining 529 Plans: Stopping State Subsidies to Private Schools After New Trump Tax Law – ITEP
- Using 529 Plans for K-12 Education | U.S. Bank
- Invest529 for K-12 Savers | Invest529
From: President Trump Participates in a Rose Garden Event, Aug. 24, 2026
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